NICE Ltd. (NASDAQ:NICE) Given Average Rating of “Moderate Buy” by Brokerages

NICE Ltd. (NASDAQ:NICE) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $259.50.

Several brokerages recently commented on NICE. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Northland Securities lowered their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Citigroup increased their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

NICE Trading Up 1.0 %

NASDAQ:NICE opened at $175.42 on Wednesday. The stock has a 50 day moving average of $180.76 and a two-hundred day moving average of $174.27. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The firm has a market cap of $11.03 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Institutional Investors Weigh In On NICE

A number of hedge funds have recently bought and sold shares of NICE. B. Riley Wealth Advisors Inc. grew its stake in shares of NICE by 11.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,900 shares of the technology company’s stock worth $327,000 after purchasing an additional 192 shares in the last quarter. Synovus Financial Corp boosted its position in shares of NICE by 10.1% during the 3rd quarter. Synovus Financial Corp now owns 2,853 shares of the technology company’s stock worth $495,000 after acquiring an additional 262 shares in the last quarter. Destination Wealth Management acquired a new position in shares of NICE during the 3rd quarter worth about $309,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NICE in the 3rd quarter valued at about $41,000. Finally, World Investment Advisors LLC acquired a new stake in shares of NICE during the 3rd quarter worth about $24,547,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.