NICE (NASDAQ:NICE) Price Target Cut to $286.00

NICE (NASDAQ:NICE) had its price target decreased by Barclays from $320.00 to $286.00 in a report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other brokerages have also issued reports on NICE. Citigroup boosted their price target on NICE from $339.00 to $346.00 and gave the company a buy rating in a research note on Wednesday, June 12th. William Blair reaffirmed an outperform rating on shares of NICE in a research report on Wednesday, June 12th. JMP Securities reissued a market outperform rating and issued a $300.00 price target on shares of NICE in a report on Wednesday, June 12th. Northland Securities reaffirmed an outperform rating and set a $305.00 price objective on shares of NICE in a report on Thursday, June 13th. Finally, DA Davidson reissued a buy rating and issued a $300.00 target price on shares of NICE in a research note on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE currently has an average rating of Buy and a consensus price target of $269.64.

NICE Price Performance

Shares of NASDAQ:NICE opened at $180.99 on Thursday. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 1.47 and a beta of 1.04. The business has a 50 day moving average price of $176.03 and a 200 day moving average price of $211.04. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE has a twelve month low of $149.54 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The company had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. Research analysts predict that NICE will post 8.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in shares of NICE in the fourth quarter worth about $25,000. Lindbrook Capital LLC raised its position in NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in NICE during the 4th quarter worth $29,000. Allspring Global Investments Holdings LLC boosted its position in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of NICE in the 1st quarter valued at $39,000. 63.34% of the stock is owned by institutional investors.

NICE Company Profile

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.