Jefferies Financial Group Lowers NICE (NASDAQ:NICE) Price Target to $225.00

NICE (NASDAQ:NICEGet Rating) had its target price reduced by research analysts at Jefferies Financial Group from $260.00 to $225.00 in a research report issued to clients and investors on Thursday, The Fly reports. Jefferies Financial Group’s price objective points to a potential upside of 10.91% from the stock’s current price.

Other research analysts have also issued reports about the stock. StockNews.com initiated coverage on shares of NICE in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley lowered their price objective on shares of NICE from $315.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 22nd. TheStreet lowered shares of NICE from a “b” rating to a “c+” rating in a research note on Monday, March 7th. Citigroup lowered their price objective on shares of NICE from $314.00 to $306.00 in a research note on Friday, February 18th. Finally, Zacks Investment Research upgraded shares of NICE from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $279.63.

Shares of NICE stock opened at $202.86 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.15. NICE has a 1 year low of $179.13 and a 1 year high of $319.88. The firm’s fifty day moving average price is $211.41 and its two-hundred day moving average price is $252.31. The firm has a market capitalization of $12.88 billion, a P/E ratio of 69.71, a PEG ratio of 2.39 and a beta of 0.85.

NICE (NASDAQ:NICEGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The technology company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.16). NICE had a net margin of 10.19% and a return on equity of 11.49%. The business had revenue of $515.50 million during the quarter, compared to analyst estimates of $495.66 million. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts forecast that NICE will post 5.44 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of NICE. Capital Research Global Investors increased its stake in NICE by 1.5% in the fourth quarter. Capital Research Global Investors now owns 7,221,375 shares of the technology company’s stock valued at $2,192,460,000 after acquiring an additional 106,751 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of NICE by 3.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,230,680 shares of the technology company’s stock valued at $1,201,682,000 after purchasing an additional 138,903 shares during the last quarter. BlackRock Inc. increased its stake in shares of NICE by 49.5% in the 4th quarter. BlackRock Inc. now owns 2,526,439 shares of the technology company’s stock valued at $767,027,000 after purchasing an additional 836,616 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NICE by 1.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,396,896 shares of the technology company’s stock valued at $524,921,000 after purchasing an additional 32,123 shares during the last quarter. Finally, Capital International Investors increased its stake in shares of NICE by 12.2% in the 4th quarter. Capital International Investors now owns 1,595,672 shares of the technology company’s stock valued at $484,949,000 after purchasing an additional 173,064 shares during the last quarter. 70.48% of the stock is owned by hedge funds and other institutional investors.

About NICE (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.

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