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

NiCE (NASDAQ:NICE) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $159.7692.

A number of equities analysts have recently commented on NICE shares. JMP Securities set a $200.00 price objective on shares of NiCE in a research report on Friday, November 14th. Royal Bank Of Canada cut their price target on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Citizens Jmp reduced their price target on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group decreased their price target on shares of NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research note on Monday, December 29th.

Institutional Trading of NiCE

Institutional investors and hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. increased its position in shares of NiCE by 99.0% in the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in NiCE in the 2nd quarter worth approximately $40,000. Atlantic Union Bankshares Corp purchased a new position in NiCE in the 2nd quarter worth approximately $60,000. Legal & General Group Plc bought a new position in shares of NiCE in the 2nd quarter worth $65,000. Finally, Hantz Financial Services Inc. raised its position in shares of NiCE by 1,388.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Stock Performance

NASDAQ:NICE opened at $106.41 on Thursday. The business’s fifty day moving average is $110.86 and its 200 day moving average is $129.76. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.60 and a beta of 0.97. NiCE has a 52-week low of $99.00 and a 52-week high of $180.61.

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.