NICE (NASDAQ:NICE) Given New $211.00 Price Target at Citigroup

NICE (NASDAQ:NICE) had its target price cut by Citigroup from $214.00 to $211.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of NICE in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of NICE in a report on Friday. Morgan Stanley cut their price target on shares of NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barclays cut their price target on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.50.

NICE Price Performance

Shares of NICE opened at $168.00 on Monday. NICE has a 1-year low of $137.19 and a 1-year high of $202.36. The stock has a market cap of $10.63 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The firm has a fifty day moving average price of $154.52 and a 200 day moving average price of $165.07.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. As a group, equities analysts expect that NICE will post 9.85 EPS for the current fiscal year.

Institutional Trading of NICE

Several large investors have recently modified their holdings of the business. Avion Wealth acquired a new stake in NICE during the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC boosted its position in NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in NICE during the fourth quarter worth approximately $25,000. Finally, McIlrath & Eck LLC boosted its position in NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.