StockNews.com Upgrades NICE (NASDAQ:NICE) to “Strong-Buy”

NICE (NASDAQ:NICE) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Trading Up 5.0 %

Shares of NICE stock opened at $192.33 on Wednesday. The stock has a 50-day moving average price of $179.09 and a 200 day moving average price of $174.25. The company has a market cap of $12.09 billion, a P/E ratio of 29.77, a P/E/G ratio of 1.48 and a beta of 1.05. NICE has a 1 year low of $151.52 and a 1 year high of $270.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NICE. Creative Financial Designs Inc. ADV grew its holdings in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in NICE in the 3rd quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NICE in the 3rd quarter worth approximately $41,000. Finally, GAMMA Investing LLC lifted its position in shares of NICE by 89.9% in 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 period. Institutional investors and hedge funds 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.