NICE (NASDAQ:NICE) Price Target Lowered to $275.00 at Northland Securities

NICE (NASDAQ:NICE) had its price target lowered by Northland Securities from $305.00 to $275.00 in a research report released on Friday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

NICE has been the subject of a number of other research reports. Morgan Stanley decreased their price objective on shares of NICE from $290.00 to $240.00 and set an overweight rating for the company in a report on Friday, June 14th. Jefferies Financial Group reduced their price objective on shares of NICE from $280.00 to $230.00 and set a buy rating for the company in a research note on Friday, May 17th. William Blair reiterated an outperform rating on shares of NICE in a research report on Wednesday, June 12th. Barclays dropped their target price on shares of NICE from $320.00 to $286.00 and set an overweight rating for the company in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of NICE from a strong-buy rating to a buy rating in a research note on Friday, June 14th. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $269.64.

NICE Trading Up 1.7 %

NASDAQ:NICE opened at $177.30 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.44 and a beta of 1.04. The firm has a fifty day simple moving average of $171.75 and a two-hundred day simple moving average of $206.70. NICE has a 12 month low of $149.54 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 14.92% and a return on equity of 14.05%. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Analysts expect that NICE will post 8.4 EPS for the current fiscal year.

Institutional Investors Weigh In On NICE

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of NICE during the 4th quarter valued at approximately $25,000. Lindbrook Capital LLC increased its stake in shares of NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of NICE during the 1st quarter worth about $39,000. Finally, UMB Bank n.a. boosted its holdings in NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors 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.