NiCE (NASDAQ:NICE) Reaches New 1-Year Low Following Analyst Downgrade

NiCE (NASDAQ:NICE) shares hit a new 52-week low on Monday after Citizens Jmp lowered their price target on the stock from $300.00 to $200.00. Citizens Jmp currently has a market outperform rating on the stock. NiCE traded as low as $122.31 and last traded at $121.86, with a volume of 1505552 shares changing hands. The stock had previously closed at $133.38.

A number of other research analysts also recently commented on NICE. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Jefferies Financial Group reissued a “hold” rating and set a $152.00 price objective on shares of NiCE in a report on Sunday, October 12th. Morgan Stanley set a $193.00 target price on shares of NiCE in a report on Tuesday, October 21st. JMP Securities set a $200.00 price target on shares of NiCE in a research note on Friday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of NiCE in a research note on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of NiCE by 2.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock valued at $400,884,000 after buying an additional 73,083 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in NiCE by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after acquiring an additional 65,420 shares during the period. Lazard Asset Management LLC raised its stake in NiCE by 116.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after acquiring an additional 659,170 shares during the last quarter. Vulcan Value Partners LLC lifted its position in NiCE by 9.6% during the 1st quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company’s stock worth $161,340,000 after acquiring an additional 91,929 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of NiCE by 3.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,029,121 shares of the technology company’s stock valued at $148,996,000 after purchasing an additional 37,973 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Stock Down 9.4%

The stock has a fifty day moving average price of $136.93 and a 200-day moving average price of $150.62. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. The firm had revenue of $732.00 million for the quarter, compared to analyst estimates of $728.07 million. NiCE had a net margin of 18.92% and a return on equity of 17.43%. NiCE’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. As a group, research analysts expect that NiCE will post 9.85 earnings per share for the current year.

About NiCE

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 enables 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.