Analysts Set NiCE (NASDAQ:NICE) Price Target at $159.77

Shares of NiCE (NASDAQ:NICE) have been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $159.7692.

NICE has been the subject of a number of research analyst reports. Barclays dropped their price target on NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Piper Sandler reiterated a “neutral” rating and set a $122.00 target price on shares of NiCE in a research report on Tuesday, December 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price target on shares of NiCE in a research note on Tuesday, December 23rd. Citigroup raised their price objective on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Wedbush lowered shares of NiCE from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $120.00 in a research report on Monday, December 8th.

Hedge Funds Weigh In On NiCE

Several institutional investors have recently modified their holdings of NICE. Kopion Asset Management LLC boosted its stake in NiCE by 29.3% in the fourth quarter. Kopion Asset Management LLC now owns 106,432 shares of the technology company’s stock worth $12,031,000 after buying an additional 24,119 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in shares of NiCE in the 3rd quarter worth approximately $5,182,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of NiCE by 11.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 125,795 shares of the technology company’s stock valued at $18,406,000 after purchasing an additional 12,641 shares in the last quarter. Woodline Partners LP grew its holdings in shares of NiCE by 16.1% during the 3rd quarter. Woodline Partners LP now owns 37,553 shares of the technology company’s stock valued at $5,437,000 after purchasing an additional 5,201 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in NiCE in the 3rd quarter worth $1,652,000. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Performance

NASDAQ:NICE opened at $117.55 on Friday. NiCE has a 52-week low of $99.00 and a 52-week high of $180.61. The stock has a fifty day moving average of $113.78 and a 200 day moving average of $135.75. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.73 and a beta of 0.97.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.