Jefferies Financial Group Cuts NICE (NASDAQ:NICE) Price Target to $215.00

NICE (NASDAQ:NICE) had its target price cut by equities research analysts at Jefferies Financial Group from $230.00 to $215.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price target points to a potential upside of 24.55% from the company’s previous close.

Several other analysts have also recently issued reports on NICE. Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson lowered their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and an average price target of $260.57.

NICE Stock Down 5.3 %

NASDAQ:NICE opened at $172.62 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a 50-day moving average of $172.93 and a 200 day moving average of $178.02. The firm has a market cap of $10.85 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04.

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, beating analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. As a group, research analysts anticipate that NICE will post 8.5 EPS for the current fiscal year.

Institutional Trading of NICE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. First Hawaiian Bank purchased a new position in shares of NICE in the second quarter worth about $516,000. Diversified Trust Co raised its position in NICE by 237.9% during the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after buying an additional 4,561 shares during the last quarter. Capital World Investors acquired a new stake in NICE during the 1st quarter valued at approximately $9,699,000. Asset Management One Co. Ltd. boosted its holdings in shares of NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 5,629 shares during the last quarter. Finally, Osborne Partners Capital Management LLC increased its stake in shares of NICE by 6.4% in the third quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after acquiring an additional 4,080 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.