NiCE (NASDAQ:NICE) Stock Price Target Lowered at Citizens Jmp

NiCE (NASDAQ:NICE) had its target price reduced by research analysts at Citizens Jmp from $170.00 to $158.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp‘s price target would indicate a potential upside of 60.36% from the company’s current price.

A number of other research firms also recently issued reports on NICE. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of NiCE in a report on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of NiCE from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. DA Davidson lifted their price target on shares of NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of NiCE in a research note on Thursday. Finally, Weiss Ratings raised NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, NiCE presently has a consensus rating of “Moderate Buy” and an average price target of $130.86.

NiCE Stock Performance

NICE opened at $98.53 on Thursday. The stock has a fifty day moving average of $111.00 and a 200-day moving average of $104.96. The company has a market capitalization of $5.76 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.16 and a beta of 0.77. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $136.52.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, November 4th. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.06. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The business had revenue of $790.70 million for the quarter, compared to analyst estimates of $785.75 million. During the same period last year, the firm earned $3.18 earnings per share. NiCE’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that NiCE will post 8.60 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NiCE news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the transaction, the vice president directly owned 500 shares of the company’s stock, valued at $50,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is currently owned by corporate insiders.

Institutional Trading of NiCE

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in NiCE in the first quarter valued at approximately $40,000. Western Wealth Management LLC bought a new stake in NiCE during the first quarter worth $44,000. Allworth Financial LP boosted its holdings in shares of NiCE by 24.6% in the 2nd quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock valued at $79,000 after purchasing an additional 172 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of NiCE by 36.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock valued at $103,000 after purchasing an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of NiCE by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock valued at $112,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Trending Headlines about NiCE

Here are the key news stories impacting NiCE this week:

• Positive Sentiment: Q3 revenue rose 8% to $790.7 million, above expectations, while EPS of $2.84 topped the $2.78 consensus. Cloud revenue grew 10.6% to $622.7 million, supporting the case for continued demand in NiCE’s cloud business. NiCE Q3 results
• Positive Sentiment: NiCE is seeking to broaden its AI-powered customer-service offering across EMEA beyond enterprise pilot programs, a potential avenue for future growth. EMEA AI customer service push
• Neutral Sentiment: The company said the Actimize sale process remains ongoing but gave no update on reports of a potential $2 billion Brookfield deal, leaving the timing and terms uncertain. Actimize sale process update
• Negative Sentiment: Despite the quarterly beat, earnings were lower than a year earlier: EPS was $2.84 versus $3.18 in the prior-year quarter, and coverage highlighted a decline in non-GAAP earnings. This could make investors question how much of the revenue growth is translating into profit. Q3 non-GAAP earnings report
• Negative Sentiment: NiCE plans to eliminate roughly 500 positions, about 5% of its workforce, citing productivity gains from AI, including in R&D. The move may reduce costs, but the cuts and potential execution risks are a near-term concern. CEO discusses AI-linked job cuts

NiCE Company Profile

NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.