NICE (NASDAQ:NICE) Shares Gap Down to $170.90

NICE Ltd. (NASDAQ:NICEGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $170.90, but opened at $163.94. NICE shares last traded at $156.22, with a volume of 341,316 shares changing hands.

Analyst Ratings Changes

NICE has been the subject of several analyst reports. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $250.00 to $300.00 in a research note on Wednesday, March 13th. Barclays lifted their target price on shares of NICE from $283.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Citigroup raised their price objective on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Rosenblatt Securities assumed coverage on NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price objective for the company. Finally, Wedbush increased their target price on NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $285.92.

Check Out Our Latest Stock Analysis on NICE

NICE Stock Performance

The stock’s 50 day moving average price is $219.68 and its 200 day moving average price is $217.71. The firm has a market cap of $10.61 billion, a PE ratio of 30.47, a P/E/G ratio of 1.31 and a beta of 1.03. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On NICE

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in NICE during the 4th quarter worth $25,000. Lindbrook Capital LLC grew its stake in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in NICE in the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in NICE during the third quarter valued at approximately $37,000. Finally, Richardson Financial Services Inc. acquired a new stake in NICE during the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NICE

(Get Free Report)

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.

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