NICE (NASDAQ:NICE) Raised to “Hold” at Cantor Fitzgerald

NICE (NASDAQ:NICE) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a $176.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 8.37% from the company’s previous close.

Several other brokerages have also issued reports on NICE. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson dropped their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and a consensus price target of $253.93.

NICE Stock Down 1.1 %

NASDAQ:NICE opened at $162.40 on Thursday. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock’s fifty day moving average is $177.51 and its two-hundred day moving average is $174.26. The company has a market capitalization of $10.21 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.13 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veracity Capital LLC lifted its position in shares of NICE by 126.0% during the 4th quarter. Veracity Capital LLC now owns 5,429 shares of the technology company’s stock worth $922,000 after purchasing an additional 3,027 shares during the last quarter. Inspire Investing LLC lifted its holdings in NICE by 11.6% during the 4th quarter. Inspire Investing LLC now owns 5,494 shares of the technology company’s stock worth $933,000 after buying an additional 573 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of NICE by 171.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,816 shares of the technology company’s stock worth $818,000 after acquiring an additional 3,039 shares in the last quarter. Davis Capital Management boosted its position in shares of NICE by 2.2% during the 4th quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock worth $844,000 after acquiring an additional 108 shares in the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new position in shares of NICE in the 4th quarter valued at about $15,452,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

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.