NICE’s (NICE) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of NICE (NASDAQ:NICE) in a research report report published on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a $200.00 price objective on the technology company’s stock, down from their prior price objective of $215.00.

Other research analysts have also issued reports about the company. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. 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 note on Friday, November 15th. Finally, Northland Securities cut their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NICE presently has an average rating of “Moderate Buy” and an average price target of $259.50.

NICE Trading Up 0.3 %

NICE opened at $176.02 on Thursday. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.46 and a beta of 1.05. The business’s fifty day simple moving average is $180.80 and its 200-day simple moving average is $174.08. NICE has a 12-month low of $151.52 and a 12-month high of $270.73.

Hedge Funds Weigh In On NICE

Several large investors have recently made changes to their positions in NICE. Aurora Investment Counsel increased its holdings in NICE by 0.7% in the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after buying an additional 80 shares in the last quarter. Financial Perspectives Inc raised its holdings in NICE by 17.8% in the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after purchasing an additional 86 shares during the period. Mendota Financial Group LLC boosted its position in NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after purchasing an additional 86 shares in the last quarter. Legacy Advisors LLC grew its holdings in NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock valued at $1,148,000 after purchasing an additional 88 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.