NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Moderate Buy” by Analysts

NICE Ltd. (NASDAQ:NICE) has received an average rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $259.50.

Several analysts have recently issued reports on NICE shares. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. DA Davidson dropped their target price on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Citigroup increased their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th.

Hedge Funds Weigh In On NICE

Several institutional investors have recently modified their holdings of the company. Aurora Investment Counsel boosted its stake in NICE by 0.7% in the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after buying an additional 80 shares in the last quarter. Financial Perspectives Inc boosted its stake in shares of NICE by 17.8% in the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after purchasing an additional 86 shares in the last quarter. Mendota Financial Group LLC grew its holdings in shares of NICE by 11.4% during the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after purchasing an additional 86 shares during the last quarter. Legacy Advisors LLC raised its position in NICE by 1.3% in the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 88 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

Shares of NICE opened at $173.45 on Wednesday. The firm has a market cap of $10.90 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The business has a 50-day moving average of $180.53 and a 200 day moving average of $174.28.

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.