Northland Securities Lowers NICE (NASDAQ:NICE) Price Target to $250.00

NICE (NASDAQ:NICE) had its price objective trimmed by Northland Securities from $275.00 to $250.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other research firms also recently weighed in on NICE. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday. Citigroup boosted their target price on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday. Barclays reduced their target price on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Down 5.3 %

Shares of NASDAQ:NICE traded down $9.57 on Friday, hitting $172.62. 1,165,943 shares of the company’s stock were exchanged, compared to its average volume of 525,258. The firm’s 50-day moving average is $172.93 and its 200 day moving average is $178.34. The company has a market capitalization of $10.85 billion, a PE ratio of 28.82, a P/E/G ratio of 1.61 and a beta of 1.04. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.06. The business had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. Sell-side analysts predict that NICE will post 8.5 EPS for the current year.

Institutional Investors Weigh In On NICE

Several hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of NICE by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after purchasing an additional 65 shares during the last quarter. Aurora Investment Counsel raised its position in shares of NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after buying an additional 80 shares during the period. Financial Perspectives Inc raised its position in shares of NICE by 17.8% in the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after buying an additional 86 shares during the period. Mendota Financial Group LLC raised its position in shares of NICE by 11.4% in the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after buying an additional 86 shares during the period. Finally, Legacy Advisors LLC raised its position in shares of NICE by 1.3% in the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

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 enable 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.