NICE (NASDAQ:NICE) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of NICE (NASDAQ:NICE) in a research note released on Friday, Marketbeat.com reports. The firm issued a neutral rating and a $176.00 price target on the technology company’s stock.

Several other research analysts have also issued reports on the stock. Citigroup lifted 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. Northland Securities cut their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Stock Down 1.1 %

Shares of NICE stock opened at $162.40 on Friday. The stock has a 50-day simple moving average of $177.51 and a 200 day simple moving average of $174.26. The stock has a market capitalization of $10.21 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.13 and a beta of 1.06. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73.

Hedge Funds Weigh In On NICE

A number of hedge funds have recently added to or reduced their stakes in the company. Veracity Capital LLC grew its position in NICE by 126.0% in the fourth quarter. Veracity Capital LLC now owns 5,429 shares of the technology company’s stock worth $922,000 after acquiring an additional 3,027 shares in the last quarter. Inspire Investing LLC boosted its holdings in NICE by 11.6% in the fourth quarter. Inspire Investing LLC now owns 5,494 shares of the technology company’s stock worth $933,000 after purchasing an additional 573 shares in the last quarter. Janney Montgomery Scott LLC increased its position in NICE by 171.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,816 shares of the technology company’s stock worth $818,000 after buying an additional 3,039 shares during the last quarter. Davis Capital Management increased its position in NICE by 2.2% during the fourth quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock worth $844,000 after buying an additional 108 shares during the last quarter. Finally, Barlow Wealth Partners Inc. bought a new position in NICE during the fourth quarter valued at about $15,452,000. 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.