NiCE (NASDAQ:NICE) Receives Average Recommendation of “Hold” from Analysts

NiCE (NASDAQ:NICE) has been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $159.7692.

NICE has been the topic of a number of research reports. Morgan Stanley cut their price objective on NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a report on Monday, December 29th. Citigroup lifted their price objective on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 14th. JMP Securities set a $200.00 price objective on shares of NiCE in a research note on Friday, November 14th. Finally, Mizuho reduced their target price on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th.

Institutional Trading of NiCE

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of NiCE by 3.7% during 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 increased its stake in shares of NiCE by 116.1% in 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 purchasing an additional 659,170 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in 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. Finally, Neuberger Berman Group LLC raised its holdings in NiCE by 36.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock worth $122,429,000 after purchasing an additional 225,936 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Trading Down 2.3%

NASDAQ:NICE opened at $111.14 on Thursday. The company has a market capitalization of $7.03 billion, a P/E ratio of 12.63, a PEG ratio of 1.68 and a beta of 0.97. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61. The firm has a fifty day simple moving average of $110.66 and a 200-day simple moving average of $130.38.

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.