NICE Ltd. (NASDAQ:NICE) Receives $253.93 Consensus Price Target from Analysts

NICE Ltd. (NASDAQ:NICE) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $250.27.

Several equities analysts have commented on NICE shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Citigroup dropped their target price on NICE from $315.00 to $279.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th.

NICE Stock Up 1.2 %

NICE stock opened at $178.50 on Thursday. The business has a 50 day moving average price of $171.48 and a two-hundred day moving average price of $173.14. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. NICE has a 12 month low of $151.52 and a 12 month high of $270.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in NICE in the 4th quarter valued at $313,808,000. Boston Partners boosted its position in NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after buying an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position in NICE by 2.3% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. boosted its position in NICE by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after buying an additional 186,600 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after buying an additional 279,375 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 enable 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.