A number of other brokerages also recently issued reports on NICE. Jefferies Financial Group lowered their price target on NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. TheStreet downgraded NICE from a “b” rating to a “c+” rating in a research report on Monday, March 7th. Morgan Stanley lowered their price target on NICE from $315.00 to $260.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 22nd. Citigroup decreased their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Finally, Zacks Investment Research upgraded NICE from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NICE has an average rating of “Buy” and an average target price of $277.29.
Shares of NICE stock traded down $2.09 on Tuesday, reaching $190.70. The company’s stock had a trading volume of 301,131 shares, compared to its average volume of 295,818. The stock’s fifty day simple moving average is $208.66 and its 200-day simple moving average is $247.69. NICE has a 1 year low of $179.13 and a 1 year high of $319.88. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 63.57, a price-to-earnings-growth ratio of 2.54 and a beta of 0.85.
Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of NICE by 125.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,633 shares of the technology company’s stock valued at $799,000 after acquiring an additional 1,465 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of NICE in the third quarter valued at about $1,056,000. Acadian Asset Management LLC bought a new stake in shares of NICE in the fourth quarter valued at about $1,203,000. Massachusetts Financial Services Co. MA raised its holdings in shares of NICE by 20.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,364,773 shares of the technology company’s stock valued at $717,944,000 after acquiring an additional 405,788 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of NICE in the fourth quarter valued at about $299,000. Institutional investors and hedge funds own 70.48% of the company’s stock.
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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