NICE (NASDAQ:NICE) Rating Lowered to Buy at StockNews.com

NICE (NASDAQ:NICE) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Citigroup boosted their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus target price of $259.50.

NICE Trading Up 1.0 %

NASDAQ NICE opened at $175.42 on Tuesday. NICE has a twelve month low of $151.52 and a twelve month high of $270.73. The stock has a 50-day moving average of $180.71 and a 200 day moving average of $174.28. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.46 and a beta of 1.05.

Institutional Trading of NICE

Large investors have recently made changes to their positions in the company. Bruni J V & Co. Co. acquired a new position in NICE during the 3rd quarter worth approximately $22,849,000. Asset Management One Co. Ltd. lifted its holdings in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after buying an additional 5,629 shares during the last quarter. Parnassus Investments LLC boosted its holdings in NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after purchasing an additional 7,635 shares in the last quarter. Buckingham Capital Management Inc. grew its position in shares of NICE by 43.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock valued at $3,337,000 after buying an additional 5,829 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its holdings in shares of NICE by 6.4% during the third quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after purchasing an additional 4,080 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other 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.