StockNews.com Downgrades NICE (NASDAQ:NICE) to Buy

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

A number of other equities analysts have also weighed in on the company. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Northland Securities decreased their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. DA Davidson cut their target price 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. Finally, Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.50.

NICE Trading Up 0.3 %

NICE stock opened at $176.02 on Tuesday. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The stock has a fifty day simple moving average of $180.66 and a two-hundred day simple moving average of $174.29. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.46 and a beta of 1.05.

Institutional Investors Weigh In On NICE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its position in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC increased its stake in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of NICE in the third quarter worth about $38,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NICE during the third quarter worth about $41,000. Finally, GAMMA Investing LLC raised its stake in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after purchasing an additional 116 shares during the period. Institutional investors own 63.34% of the company’s stock.

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.