NICE (NASDAQ:NICE) Cut to “Buy” at StockNews.com

StockNews.com cut shares of NICE (NASDAQ:NICE) from a strong-buy rating to a buy rating in a report released on Monday morning.

Other equities research analysts also recently issued reports about the company. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. DA Davidson lowered their target price on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Trading Down 1.3 %

NICE stock opened at $167.14 on Monday. The firm’s 50-day moving average is $178.65 and its two-hundred day moving average is $174.43. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. NICE has a 52 week low of $151.52 and a 52 week high of $270.73.

Hedge Funds Weigh In On NICE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after buying an additional 100 shares during the period. ORG Wealth Partners LLC purchased a new stake in NICE in the 3rd quarter worth about $38,000. Wilmington Savings Fund Society FSB purchased a new stake in NICE in the 3rd quarter worth about $41,000. GAMMA Investing LLC boosted its position in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after acquiring an additional 91 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

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.