Northland Securities Cuts 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 released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other analysts also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research report on Friday, August 16th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Barclays reduced their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Price Performance

NICE opened at $172.62 on Friday. The stock has a fifty day moving average price of $172.93 and a 200 day moving average price of $177.72. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE has a 1 year low of $151.52 and a 1 year high of $270.73. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.40 and a beta of 1.04.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 15.48% and a net margin of 16.11%. The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period in the previous year, the company earned $1.63 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. Analysts forecast that NICE will post 8.58 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Several large investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. acquired a new position in shares of NICE during the first quarter valued at about $298,000. ProShare Advisors LLC acquired a new position in NICE in the 1st quarter valued at approximately $313,000. Blair William & Co. IL lifted its position in shares of NICE by 22.9% in the 1st quarter. Blair William & Co. IL now owns 5,873 shares of the technology company’s stock worth $1,531,000 after acquiring an additional 1,096 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of NICE by 38.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 6,329 shares of the technology company’s stock worth $1,649,000 after purchasing an additional 1,750 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of NICE during the first quarter valued at approximately $219,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.