NiCE’s (NICE) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of NiCE (NASDAQ:NICE) in a report issued on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $175.00 price target on the technology company’s stock.

A number of other brokerages have also weighed in on NICE. Mizuho decreased their target price on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Citizens Jmp decreased their price objective on NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a report on Friday, November 14th. Morgan Stanley dropped their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Royal Bank Of Canada reduced their price target on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $159.77.

NiCE Price Performance

Shares of NICE stock opened at $111.76 on Tuesday. The company has a market capitalization of $7.07 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.51 and a beta of 1.01. The company’s 50-day simple moving average is $118.20 and its two-hundred day simple moving average is $139.94. NiCE has a one year low of $99.00 and a one year high of $180.61.

Institutional Investors Weigh In On NiCE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of NiCE by 1,125.3% during the first quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock worth $118,516,000 after purchasing an additional 705,997 shares in the last quarter. Lazard Asset Management LLC grew 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 worth $207,238,000 after buying an additional 659,170 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NiCE by 218.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after buying an additional 623,014 shares in the last quarter. Neuberger Berman Group LLC raised its stake in NiCE by 36.5% in the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock valued at $122,429,000 after buying an additional 225,936 shares during the last quarter. Finally, Swedbank AB raised its stake in NiCE by 136.8% in the first quarter. Swedbank AB now owns 333,700 shares of the technology company’s stock valued at $51,447,000 after buying an additional 192,800 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.