Citizens Jmp Has Lowered Expectations for NiCE (NASDAQ:NICE) Stock Price

NiCE (NASDAQ:NICE) had its target price lowered by investment analysts at Citizens Jmp from $170.00 to $158.00 in a report released on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp‘s price objective would suggest a potential upside of 64.33% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Oppenheimer raised shares of NiCE from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Wednesday, September 30th. DA Davidson lifted their price target on NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup reissued a “market outperform” rating on shares of NiCE in a research note on Thursday. Yorkville Ives started coverage on NiCE in a report on Monday, October 5th. They issued an “in-line” rating and a $125.00 price target on the stock. Finally, Weiss Ratings raised NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, NiCE currently has an average rating of “Moderate Buy” and an average target price of $129.79.

NiCE Trading Up 0.2%

Shares of NASDAQ:NICE traded up $0.15 during trading on Thursday, hitting $96.15. 611,457 shares of the company’s stock traded hands, compared to its average volume of 497,269. The company has a 50-day moving average price of $110.72 and a 200-day moving average price of $104.80. NiCE has a 52 week low of $83.10 and a 52 week high of $136.52. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NICE. Moors & Cabot Inc. acquired a new position in shares of NiCE during the 3rd quarter worth about $239,000. Russell Investments Group Ltd. increased its position in shares of NiCE by 49.0% in the third quarter. Russell Investments Group Ltd. now owns 32,835 shares of the technology company’s stock valued at $3,654,000 after acquiring an additional 10,801 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in shares of NiCE in the third quarter valued at about $1,780,000. First Command Advisory Services Inc. raised its holdings in NiCE by 78,250.0% during the third quarter. First Command Advisory Services Inc. now owns 1,567 shares of the technology company’s stock worth $174,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in NiCE during the third quarter worth about $219,000. Institutional investors own 63.34% of the company’s stock.

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.