NICE (NASDAQ:NICE) Stock Rating Upgraded by StockNews.com

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

Several other research firms also recently weighed in on NICE. Citigroup upped their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. DA Davidson cut their price target 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. Finally, Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.57.

NICE Stock Up 1.0 %

NASDAQ NICE traded up $1.76 on Wednesday, hitting $183.22. The company’s stock had a trading volume of 305,367 shares, compared to its average volume of 516,631. The company’s 50-day moving average is $178.58 and its 200 day moving average is $174.12. The firm has a market cap of $11.52 billion, a PE ratio of 28.36, a PEG ratio of 1.48 and a beta of 1.05. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

Institutional Investors Weigh In On NICE

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bruni J V & Co. Co. bought a new stake in NICE during the 3rd quarter worth approximately $22,849,000. Asset Management One Co. Ltd. boosted 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 valued at $8,200,000 after acquiring an additional 5,629 shares during the period. Buckingham Capital Management Inc. increased its position in shares of NICE by 43.5% during the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after acquiring an additional 5,829 shares during the period. Parnassus Investments LLC increased its stake in shares of NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after buying an additional 7,635 shares during the period. Finally, Osborne Partners Capital Management LLC boosted its stake 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 valued at $11,778,000 after purchasing an additional 4,080 shares in the last quarter. Hedge funds and other 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.