Royal Bank Of Canada Cuts NiCE (NASDAQ:NICE) Price Target to $175.00

NiCE (NASDAQ:NICE) had its target price decreased by Royal Bank Of Canada from $190.00 to $175.00 in a report released on Tuesday morning, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

NICE has been the subject of a number of other reports. DA Davidson set a $150.00 price target on shares of NiCE in a research report on Friday, November 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 target price on shares of NiCE in a research report on Sunday, October 12th. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Rosenblatt Securities dropped their price target on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Cantor Fitzgerald reduced their price objective on NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.54.

NiCE Stock Down 2.0%

NICE opened at $99.60 on Tuesday. The stock has a fifty day moving average of $134.51 and a 200-day moving average of $149.57. The firm has a market capitalization of $6.30 billion, a P/E ratio of 11.90, a PEG ratio of 1.16 and a beta of 0.98. NiCE has a 12-month low of $99.00 and a 12-month high of $193.52.

NiCE (NASDAQ:NICE) last posted its quarterly 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. The firm had revenue of $732.00 million for the quarter, compared to analyst estimates of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.NiCE’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 earnings per share. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, analysts expect that NiCE will post 9.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NiCE

Several institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG lifted its holdings in NiCE by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after purchasing an additional 85,286 shares during the last quarter. Cerity Partners LLC boosted its position in shares of NiCE by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after acquiring an additional 3,584 shares during the period. Townsquare Capital LLC grew its stake in shares of NiCE by 1,518.4% in the first quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after acquiring an additional 24,446 shares during the last quarter. ARK Investment Management LLC increased its position in NiCE by 17.2% during the first quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock worth $1,832,000 after acquiring an additional 1,746 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in NiCE by 3.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after purchasing an additional 65,420 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

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 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.