NICE (NASDAQ:NICE) Trading Up 5.3% – What’s Next?

Shares of NICE Ltd. (NASDAQ:NICE) shot up 5.3% on Monday . The company traded as high as $170.01 and last traded at $170.49. 115,637 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 406,989 shares. The stock had previously closed at $161.88.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NICE. StockNews.com raised NICE from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Citigroup increased their price objective 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. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Price Performance

The stock has a 50-day moving average price of $174.88 and a 200-day moving average price of $173.97. The company has a market capitalization of $10.51 billion, a P/E ratio of 25.89, a P/E/G ratio of 1.15 and a beta of 1.06.

Institutional Investors Weigh In On NICE

A number of institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its stake in NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in NICE during the 3rd quarter worth about $38,000. Richardson Financial Services Inc. grew its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of NICE in the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC lifted its stake in shares of NICE by 89.9% in 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. 63.34% of the stock is 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.