NICE Ltd. (NASDAQ:NICE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NICE Ltd. (NASDAQ:NICE – Get Rating) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $253.38.

A number of brokerages have recently weighed in on NICE. Piper Sandler raised NICE from a “neutral” rating to an “overweight” rating and set a $227.00 price objective for the company in a research note on Tuesday, January 17th. Citigroup reduced their target price on NICE from $301.00 to $277.00 and set a “buy” rating for the company in a report on Friday, February 24th. Finally, TheStreet raised NICE from a “c+” rating to a “b-” rating in a research note on Wednesday, January 18th.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently bought and sold shares of NICE. Vulcan Value Partners LLC purchased a new stake in NICE in the 4th quarter valued at approximately $166,868,000. CCLA Investment Management purchased a new stake in NICE in the 3rd quarter valued at approximately $90,157,000. Black Creek Investment Management Inc. lifted its stake in NICE by 2,541.7% in the 2nd quarter. Black Creek Investment Management Inc. now owns 491,861 shares of the technology company’s stock valued at $94,659,000 after buying an additional 473,242 shares in the last quarter. Phoenix Holdings Ltd. lifted its stake in NICE by 155.6% in the 4th quarter. Phoenix Holdings Ltd. now owns 361,515 shares of the technology company’s stock valued at $69,529,000 after buying an additional 220,062 shares in the last quarter. Finally, FMR LLC lifted its stake in NICE by 5.9% in the 2nd quarter. FMR LLC now owns 3,344,513 shares of the technology company’s stock valued at $643,652,000 after buying an additional 187,629 shares in the last quarter. Hedge funds and other institutional investors own 63.92% of the company’s stock.

NICE Stock Down 0.6 %

NICE stock opened at $205.45 on Thursday. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 51.36, a price-to-earnings-growth ratio of 2.59 and a beta of 0.87. NICE has a 52 week low of $164.65 and a 52 week high of $235.11. The business’s 50-day moving average price is $209.49 and its 200 day moving average price is $200.23. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

NICE Company Profile

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NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides suites such as compliance and risk, workforce optimization, operational efficiency, customer experience, and sales and retention.