NICE (NASDAQ:NICE) Given New $250.00 Price Target at Northland Securities

NICE (NASDAQ:NICE) had its price target dropped by Northland Securities from $275.00 to $250.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Northland Securities’ price objective would indicate a potential upside of 37.22% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Barclays lowered their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Citigroup upped their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Thursday, October 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NICE Stock Performance

Shares of NICE stock opened at $182.19 on Friday. The company has a fifty day moving average price of $172.66 and a two-hundred day moving average price of $178.70. The stock has a market cap of $11.45 billion, a P/E ratio of 30.42, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a one year low of $151.52 and a one year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period in the prior year, the company posted $1.63 earnings per share. NICE’s revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts predict that NICE will post 8.5 EPS for the current year.

Institutional Trading of NICE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. purchased a new position in NICE in the first quarter worth about $298,000. ProShare Advisors LLC bought a new stake in shares of NICE during the 1st quarter valued at about $313,000. Blair William & Co. IL increased its position in shares of NICE by 22.9% during the 1st quarter. Blair William & Co. IL now owns 5,873 shares of the technology company’s stock valued at $1,531,000 after purchasing an additional 1,096 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of NICE by 38.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 6,329 shares of the technology company’s stock worth $1,649,000 after purchasing an additional 1,750 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of NICE in the first quarter worth approximately $219,000. 63.34% of the stock is 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.