Barclays Lowers NICE (NASDAQ:NICE) Price Target to $226.00

NICE (NASDAQ:NICE) had its target price decreased by Barclays from $286.00 to $226.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 45.44% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price target on shares of NICE in a report on Friday, November 15th. DA Davidson dropped their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Cantor Fitzgerald started coverage on shares of NICE in a report on Friday, January 17th. They set a “neutral” rating and a $176.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (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 issued a buy rating to the company’s stock. According to MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and an average price target of $239.60.

NICE Stock Up 1.2 %

Shares of NASDAQ:NICE opened at $155.39 on Friday. The firm has a fifty day moving average of $170.08 and a two-hundred day moving average of $172.95. The firm has a market capitalization of $9.77 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE has a 12-month low of $147.38 and a 12-month high of $270.73.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. Equities research analysts expect that NICE will post 9.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

Institutional investors have recently modified their holdings of the stock. Formidable Asset Management LLC bought a new stake in shares of NICE during the fourth quarter worth approximately $682,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of NICE during the fourth quarter worth approximately $313,808,000. Vise Technologies Inc. bought a new stake in shares of NICE during the fourth quarter worth approximately $229,000. McIlrath & Eck LLC raised its stake in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in NICE in the fourth quarter valued at approximately $2,881,000. 63.34% of the stock is owned by institutional investors.

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.