NICE (NASDAQ:NICE) Earns Hold Rating from Jefferies Financial Group

NICE (NASDAQ:NICE)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a report released on Thursday,Benzinga reports. They currently have a $200.00 price target on the technology company’s stock, down from their prior price target of $215.00. Jefferies Financial Group’s price objective suggests a potential upside of 10.04% from the company’s previous close.

NICE has been the subject of several other reports. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Finally, DA Davidson reduced their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.50.

NICE Price Performance

NASDAQ NICE opened at $181.75 on Thursday. The stock has a market capitalization of $11.43 billion, a P/E ratio of 28.13, a PEG ratio of 1.46 and a beta of 1.05. The firm’s 50-day moving average is $180.50 and its two-hundred day moving average is $174.09. 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 added to or reduced their stakes in NICE. Bruni J V & Co. Co. purchased a new position in shares of NICE during the third quarter worth approximately $22,849,000. Asset Management One Co. Ltd. raised its stake in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 5,629 shares during the last quarter. Parnassus Investments LLC lifted its position in NICE by 1.5% during the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after acquiring an additional 7,635 shares during the period. Buckingham Capital Management Inc. increased its holdings in shares of NICE by 43.5% in the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock valued at $3,337,000 after purchasing an additional 5,829 shares during the period. Finally, Osborne Partners Capital Management LLC lifted its holdings in shares of NICE by 6.4% during the third quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after purchasing an additional 4,080 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.