NICE (NASDAQ:NICE) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of NICE (NASDAQ:NICE) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Several other research analysts also recently commented on NICE. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. 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, NICE has an average rating of “Moderate Buy” and an average target price of $259.50.

NICE Stock Performance

Shares of NASDAQ NICE opened at $175.42 on Tuesday. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock’s fifty day moving average is $180.76 and its 200 day moving average is $174.27. The stock has a market capitalization of $11.03 billion, a P/E ratio of 27.15, a PEG ratio of 1.46 and a beta of 1.05.

Institutional Trading of NICE

Several large investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its position in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of NICE by 135.4% in the second 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. ORG Wealth Partners LLC purchased a new stake in NICE in the 3rd quarter valued at $38,000. Wilmington Savings Fund Society FSB bought a new position in NICE during the 3rd quarter valued at $41,000. Finally, GAMMA Investing LLC boosted its holdings in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.