NiCE (NASDAQ:NICE) Price Target Lowered to $200.00 at Citizens Jmp

NiCE (NASDAQ:NICE) had its price target reduced by Citizens Jmp from $300.00 to $200.00 in a research report report published on Friday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

NICE has been the topic of several other reports. JMP Securities set a $200.00 target price on NiCE in a research report on Friday. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of NiCE in a report on Friday, August 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 target price on shares of NiCE in a research note on Sunday, October 12th. Weiss Ratings upgraded shares of NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NiCE presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

NiCE Trading Up 1.1%

Shares of NASDAQ:NICE traded up $1.40 during trading on Friday, reaching $133.38. The stock had a trading volume of 1,411,830 shares, compared to its average volume of 574,545. The firm’s 50-day simple moving average is $137.37 and its 200 day simple moving average is $150.95. NiCE has a one year low of $122.94 and a one year high of $193.52. The company has a market capitalization of $8.44 billion, a P/E ratio of 15.94, a PEG ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last announced its earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.01. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The company had revenue of $732.00 million during the quarter, compared to the consensus estimate of $728.07 million. During the same period last year, the firm earned $2.88 earnings per share. NiCE’s revenue was up 6.1% compared to the same quarter last year. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Equities research analysts forecast that NiCE will post 9.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NiCE

Institutional investors have recently modified their holdings of the stock. Cerity Partners LLC boosted its position in shares of NiCE by 56.0% during the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after buying an additional 3,584 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in NiCE by 12.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock worth $272,306,000 after purchasing an additional 193,000 shares during the period. Formidable Asset Management LLC lifted its position in shares of NiCE by 14.3% during the first quarter. Formidable Asset Management LLC now owns 4,589 shares of the technology company’s stock worth $707,000 after purchasing an additional 573 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of NiCE by 76.2% in the first quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock worth $101,000 after purchasing an additional 282 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in NiCE by 18.0% during the 1st quarter. Wedbush Securities Inc. now owns 1,801 shares of the technology company’s stock valued at $278,000 after buying an additional 275 shares in the last quarter. 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 enables 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.