Barclays Has Lowered Expectations for NICE (NASDAQ:NICE) Stock Price

NICE (NASDAQ:NICE) had its target price reduced by Barclays from $286.00 to $226.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

NICE has been the topic of several other reports. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.29.

NICE Trading Up 1.2 %

NICE opened at $155.39 on Friday. NICE has a 12-month low of $147.38 and a 12-month high of $270.73. The firm has a 50 day moving average of $170.08 and a two-hundred day moving average of $173.01. The firm has a market capitalization of $9.77 billion, a PE ratio of 22.99, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. As a group, analysts predict that NICE will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Formidable Asset Management LLC purchased a new position in NICE in the 4th quarter valued at $682,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of NICE in the fourth quarter valued at about $313,808,000. Vise Technologies Inc. purchased a new position in shares of NICE in the fourth quarter worth about $229,000. McIlrath & Eck LLC boosted its position in NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in NICE during the fourth quarter worth about $2,881,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NICE

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.