Brokerages Set NICE Ltd. (NASDAQ:NICE) PT at $253.93

Shares of NICE Ltd. (NASDAQ:NICE) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $253.93.

Several brokerages have commented on NICE. Citigroup raised their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Northland Securities reduced their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Finally, Cantor Fitzgerald started coverage on shares of NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target for the company.

NICE Price Performance

Shares of NICE opened at $165.52 on Friday. NICE has a one year low of $151.52 and a one year high of $270.73. The company has a 50-day simple moving average of $176.37 and a two-hundred day simple moving average of $174.23. The firm has a market capitalization of $10.41 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Institutional Investors Weigh In On NICE

A number of large investors have recently added to or reduced their stakes in NICE. Aurora Investment Counsel boosted its stake in shares of NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after acquiring an additional 80 shares during the last quarter. Mendota Financial Group LLC boosted its stake 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 worth $146,000 after acquiring an additional 86 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after acquiring an additional 91 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in shares of NICE by 4.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company’s stock worth $439,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

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.