NICE (NASDAQ:NICE) Price Target Cut to $180.00 by Analysts at DA Davidson

NICE (NASDAQ:NICE) had its price objective decreased by DA Davidson from $200.00 to $180.00 in a research note released on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

Several other research firms also recently commented on NICE. Cantor Fitzgerald decreased their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Barclays lowered their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Rosenblatt Securities decreased their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.43.

NICE Price Performance

NICE stock opened at $152.62 on Monday. The company’s 50-day moving average is $154.94 and its 200-day moving average is $167.88. The stock has a market capitalization of $9.60 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. NICE has a 1 year low of $137.19 and a 1 year high of $236.48.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, analysts anticipate that NICE will post 9.85 earnings per share for the current fiscal year.

Institutional Trading of NICE

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC bought a new stake in NICE during the 4th quarter valued at $25,000. Avion Wealth bought a new position in shares of NICE in the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE during the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC grew its stake in NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in shares of NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in 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.