StockNews.com Upgrades NICE (NASDAQ:NICE) to “Strong-Buy”

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

Several other equities research analysts have also recently issued reports on the company. Cantor Fitzgerald initiated coverage on NICE in a research note on Friday, January 17th. They issued a “neutral” rating and a $176.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Citigroup raised their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. DA Davidson reduced their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Trading Down 2.4 %

Shares of NASDAQ NICE opened at $161.04 on Tuesday. The business’s 50 day moving average is $175.26 and its 200-day moving average is $174.08. The firm has a market cap of $10.12 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. NICE has a 1-year low of $151.52 and a 1-year high of $270.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after purchasing an additional 279,375 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares during the last quarter. CCLA Investment Management raised its position in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after buying an additional 87,003 shares in the last quarter. American Capital Management Inc. lifted its holdings in shares of NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after acquiring an additional 7,303 shares during the last quarter. Finally, Parnassus Investments LLC grew its position in NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after acquiring an additional 7,635 shares in the last quarter. 63.34% of the stock is owned by 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 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.