NICE (NASDAQ:NICE) Price Target Cut to $226.00 by Analysts at Barclays

NICE (NASDAQ:NICE) had its target price cut by Barclays from $286.00 to $226.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

NICE has been the subject of several other research reports. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Cantor Fitzgerald started coverage on NICE in a report on Friday, January 17th. They set a “neutral” rating and a $176.00 target price for the company. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities decreased their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Finally, Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.60.

NICE Stock Up 1.2 %

Shares of NICE stock opened at $155.39 on Friday. NICE has a 12-month low of $147.38 and a 12-month high of $270.73. The firm has a fifty day moving average of $170.08 and a 200-day moving average of $172.91. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The business had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.11% and a return on equity of 15.31%. Research analysts expect that NICE will post 8.82 earnings per share for the current year.

Institutional Trading of NICE

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in NICE in the 4th quarter valued at about $313,808,000. FIL Ltd acquired a new position in shares of NICE in the fourth quarter valued at approximately $70,465,000. New South Capital Management Inc. acquired a new stake in NICE during the 4th quarter worth approximately $54,980,000. Deutsche Bank AG boosted its stake in NICE by 95.7% in the 4th quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock valued at $102,981,000 after purchasing an additional 296,514 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 in the last quarter. Institutional investors own 63.34% of the company’s stock.

About NICE

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.