NICE Ltd. (NASDAQ:NICE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NICE Ltd. (NASDAQ:NICE) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $260.57.

Several equities analysts recently issued reports on NICE shares. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. Finally, Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th.

Institutional Investors Weigh In On NICE

A number of large investors have recently modified their holdings of NICE. Vulcan Value Partners LLC grew its holdings in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after buying an additional 279,375 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of NICE by 63.2% during the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock worth $119,317,000 after buying an additional 268,677 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of NICE during the second quarter worth $44,076,000. Finally, Black Creek Investment Management Inc. grew its holdings in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Trading Up 1.4 %

Shares of NASDAQ NICE opened at $182.44 on Friday. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The company has a 50 day simple moving average of $175.41 and a two-hundred day simple moving average of $175.48. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.41 and a beta of 1.04.

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.