NiCE (NASDAQ:NICE) Price Target Lowered to $136.00 at Jefferies Financial Group

NiCE (NASDAQ:NICE) had its price target cut by Jefferies Financial Group from $152.00 to $136.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

NICE has been the topic of a number of other reports. JMP Securities set a $200.00 price objective on shares of NiCE in a research report on Friday. Rosenblatt Securities dropped their target price on NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NiCE in a research note on Thursday, November 13th. Citizens Jmp lowered their price target on NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research note on Friday, November 14th. Finally, Royal Bank Of Canada dropped their price objective on NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, NiCE currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.23.

NiCE Stock Down 12.6%

Shares of NiCE stock opened at $105.65 on Tuesday. The stock has a market cap of $6.68 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The business has a fifty day simple moving average of $136.18 and a 200-day simple moving average of $150.26. NiCE has a 12 month low of $104.42 and a 12 month high of $193.52.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 17.43% and a net margin of 18.92%.NiCE’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 earnings per share. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Analysts expect that NiCE will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On NiCE

A number of large investors have recently added to or reduced their stakes in NICE. Deutsche Bank AG grew its position in NiCE by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after purchasing an additional 85,286 shares during the last quarter. Cerity Partners LLC raised its position in shares of NiCE by 56.0% during the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after buying an additional 3,584 shares during the last quarter. Townsquare Capital LLC raised its position in shares of NiCE by 1,518.4% during the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock valued at $4,017,000 after buying an additional 24,446 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of NiCE by 17.2% in the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock valued at $1,832,000 after buying an additional 1,746 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position 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 buying an additional 65,420 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

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.