NICE (NASDAQ:NICE) Upgraded at StockNews.com

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a buy rating to a strong-buy rating in a report issued on Tuesday.

NICE has been the subject of several other research reports. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Cantor Fitzgerald assumed coverage on NICE in a research note on Friday, January 17th. They issued a “neutral” rating and a $176.00 target price for the company. Finally, Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $253.93.

NICE Stock Performance

Shares of NASDAQ:NICE opened at $165.52 on Tuesday. The stock has a 50-day simple moving average of $176.37 and a 200-day simple moving average of $174.23. The stock has a market capitalization of $10.41 billion, a P/E ratio of 25.62, a PEG ratio of 1.14 and a beta of 1.06. NICE has a 1 year low of $151.52 and a 1 year high of $270.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after purchasing an additional 279,375 shares during the last quarter. Vulcan Value Partners LLC lifted its position in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares during the last quarter. CCLA Investment Management lifted its position in shares of NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after buying an additional 87,003 shares during the last quarter. American Capital Management Inc. boosted its holdings in shares of NICE by 1.4% in the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock valued at $93,836,000 after buying an additional 7,303 shares during the period. Finally, Parnassus Investments LLC raised its stake in NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after acquiring an additional 7,635 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.