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

NICE (NASDAQ:NICE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research analysts also recently commented on the stock. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson decreased their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Cantor Fitzgerald initiated coverage on NICE in a report on Friday, January 17th. They issued a “neutral” rating and a $176.00 price target on the stock. Northland Securities dropped their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $253.93.

NICE Stock Performance

Shares of NICE stock traded down $1.74 on Monday, hitting $176.49. 347,162 shares of the company traded hands, compared to its average volume of 504,483. The business has a 50-day simple moving average of $171.67 and a 200 day simple moving average of $173.07. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock has a market capitalization of $11.10 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06.

Institutional Investors Weigh In On NICE

A number of institutional investors have recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NICE during the fourth quarter valued at about $313,808,000. FIL Ltd purchased a new stake in NICE during the fourth quarter valued at approximately $70,465,000. New South Capital Management Inc. purchased a new stake in shares of NICE during the fourth quarter worth about $54,980,000. Deutsche Bank AG boosted its stake in NICE by 95.7% in the 4th quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock worth $102,981,000 after purchasing an additional 296,514 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in NICE by 21.6% during the 3rd 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. 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.