NICE (NASDAQ:NICE) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of NICE (NASDAQ:NICE) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Other equities research analysts have also recently issued research reports about the stock. 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 research note on Friday, November 15th. Citigroup lifted their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.50.

NICE Stock Up 2.4 %

NICE stock opened at $165.62 on Monday. The business’s 50-day moving average price is $178.69 and its 200 day moving average price is $174.44. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.06. NICE has a 52 week low of $151.52 and a 52 week high of $270.73.

Institutional Investors Weigh In On NICE

A number of large investors have recently modified their holdings of NICE. Rhumbline Advisers raised its holdings in NICE by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock valued at $577,000 after acquiring an additional 269 shares during the last quarter. Choreo LLC purchased a new position in NICE during the second quarter worth approximately $211,000. American Century Companies Inc. boosted its stake in NICE by 6.8% during the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock worth $786,000 after buying an additional 289 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in NICE by 271.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,086 shares of the technology company’s stock valued at $2,766,000 after buying an additional 11,755 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company’s stock worth $3,209,000 after acquiring an additional 2,124 shares during the last quarter. 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.