NICE (NASDAQ:NICE) PT Lowered to $213.00 at Piper Sandler

NICE (NASDAQ:NICEGet Free Report) had its target price reduced by research analysts at Piper Sandler from $238.00 to $213.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price target points to a potential upside of 25.41% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Citigroup boosted their price objective on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of NICE in a report on Wednesday, June 12th. Rosenblatt Securities cut their price objective on shares of NICE from $285.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. William Blair reiterated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. Finally, Bank of America reduced their price target on shares of NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $272.07.

Get Our Latest Analysis on NICE

NICE Stock Performance

NASDAQ:NICE traded down $2.88 during trading hours on Wednesday, reaching $169.84. The company had a trading volume of 109,413 shares, compared to its average volume of 507,353. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.41 and a beta of 1.04. NICE has a 52 week low of $149.54 and a 52 week high of $270.73. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $186.55 and its 200-day moving average price is $213.05.

NICE (NASDAQ:NICEGet Free Report) last posted its earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The company had revenue of $659.31 million for the quarter, compared to the consensus estimate of $654.81 million. On average, analysts forecast that NICE will post 8.4 EPS for the current year.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel increased its position in shares of NICE by 5,255.0% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock worth $1,282,000 after acquiring an additional 6,306 shares during the period. Eagle Asset Management Inc. lifted its position in shares of NICE by 34.9% during the fourth quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock valued at $7,126,000 after buying an additional 9,241 shares during the last quarter. Corient Private Wealth LLC lifted its position in NICE by 93.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock valued at $1,061,000 after acquiring an additional 2,566 shares during the last quarter. Kodai Capital Management LP purchased a new stake in NICE during the fourth quarter valued at approximately $4,407,000. Finally, Apollon Wealth Management LLC acquired a new stake in NICE in the fourth quarter valued at approximately $807,000. Institutional investors own 63.34% of the company’s stock.

About NICE

(Get Free Report)

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.

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Analyst Recommendations for NICE (NASDAQ:NICE)

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