NICE (NASDAQ:NICE) Given New $200.00 Price Target at Rosenblatt Securities

NICE (NASDAQ:NICE) had its price objective lowered by Rosenblatt Securities from $225.00 to $200.00 in a research note released on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other brokerages also recently issued reports on NICE. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Cantor Fitzgerald began coverage on shares of NICE in a report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target for the company. DA Davidson dropped 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, Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.29.

NICE Trading Up 1.2 %

NICE stock opened at $155.39 on Friday. NICE has a one year low of $147.38 and a one year 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 posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, equities research analysts anticipate that NICE will post 9.85 earnings per share for the current year.

Institutional Trading of NICE

Hedge funds have recently bought and sold shares of the stock. Avion Wealth bought a new position in shares of NICE during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the fourth quarter worth about $25,000. Anchor Investment Management LLC increased its stake in NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in shares of NICE by 56.9% in the 4th 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 period. 63.34% of the stock is owned by institutional investors.

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.