Citigroup Cuts NICE (NASDAQ:NICE) Price Target to $228.00

NICE (NASDAQ:NICE) had its target price decreased by Citigroup from $279.00 to $228.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on NICE. Jefferies Financial Group reissued a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Stock Down 4.4 %

NASDAQ:NICE opened at $144.89 on Monday. The stock has a market cap of $9.11 billion, a P/E ratio of 21.43, a PEG ratio of 1.07 and a beta of 1.06. NICE has a twelve month low of $144.62 and a twelve month high of $270.73. The business’s 50-day moving average price is $168.07 and its two-hundred day moving average price is $172.70.

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

Institutional Investors Weigh In On NICE

A number of large investors have recently made changes to their positions in the business. Avion Wealth bought a new stake in shares of NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new stake in shares of NICE during the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC boosted its position in shares of NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of NICE by 208.3% during the third 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 in the last quarter. Finally, McIlrath & Eck LLC boosted its position in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

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.