NiCE (NASDAQ:NICE) Price Target Cut to $150.00 by Analysts at Mizuho

NiCE (NASDAQ:NICE) had its target price decreased by Mizuho from $185.00 to $150.00 in a report released on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the technology company’s stock.

NICE has been the topic of a number of other reports. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of NiCE in a report on Thursday, November 13th. Citizens Jmp dropped their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 price target on shares of NiCE in a report on Sunday, October 12th. Finally, DA Davidson set a $150.00 price target on shares of NiCE in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.23.

NiCE Stock Performance

Shares of NiCE stock opened at $105.65 on Tuesday. NiCE has a fifty-two week low of $104.42 and a fifty-two week high of $193.52. The company has a market capitalization of $6.68 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.16 and a beta of 0.98. The company has a fifty day moving average of $136.18 and a 200 day moving average of $150.26.

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

Institutional Trading of NiCE

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

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 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.