NICE (NASDAQ:NICE) Price Target Cut to $280.00 by Analysts at Mizuho

NICE (NASDAQ:NICE) had its price target reduced by Mizuho from $300.00 to $280.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Oppenheimer upped their price target on shares of NICE from $225.00 to $300.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Rosenblatt Securities began coverage on shares of NICE in a research report on Tuesday, April 23rd. They set a buy rating and a $285.00 price target for the company. Wedbush upped their price target on shares of NICE from $230.00 to $270.00 and gave the stock an outperform rating in a research report on Friday, February 23rd. Barclays upped their price target on shares of NICE from $283.00 to $320.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Finally, TheStreet raised shares of NICE from a c+ rating to a b- rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NICE has a consensus rating of Moderate Buy and a consensus price target of $285.92.

NICE Stock Performance

NASDAQ NICE traded down $5.05 during trading on Friday, reaching $193.55. The company’s stock had a trading volume of 1,388,973 shares, compared to its average volume of 513,421. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 1.79 and a beta of 1.04. NICE has a twelve month low of $149.54 and a twelve month high of $270.73. The business’s fifty day moving average price is $235.62 and its 200-day moving average price is $215.97.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.92% and a return on equity of 14.26%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. As a group, analysts anticipate that NICE will post 8.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel grew its holdings in NICE by 5,255.0% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock worth $1,282,000 after acquiring an additional 6,306 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of NICE in the 4th quarter worth about $807,000. Wolverine Asset Management LLC bought a new position in shares of NICE in the 4th quarter worth about $1,355,000. TimesSquare Capital Management LLC lifted its position in shares of NICE by 2.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company’s stock worth $62,888,000 after buying an additional 9,053 shares during the last quarter. Finally, Shelton Capital Management lifted its position in shares of NICE by 274.5% in the 3rd quarter. Shelton Capital Management now owns 6,685 shares of the technology company’s stock worth $1,136,000 after buying an additional 4,900 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.