NICE (NASDAQ:NICE) had its price target cut by research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $312.00 to $296.00 in a research report issued on Friday, Price Targets.com reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s target price would suggest a potential upside of 29.42% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup dropped their target price on NICE from $312.00 to $296.00 and set a “buy” rating on the stock in a report on Friday. They noted that the move was a valuation call. Royal Bank of Canada upped their target price on NICE from $250.00 to $266.00 and gave the company a “sector perform” rating in a report on Friday, February 19th. Zacks Investment Research upgraded NICE from a “sell” rating to a “hold” rating in a report on Wednesday, April 21st. Pritchard Capital boosted their price target on NICE from $292.00 to $312.00 and gave the company a “buy” rating in a research note on Friday, February 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $290.00 price target on shares of NICE in a research note on Thursday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $285.86.
NASDAQ NICE opened at $228.71 on Friday. The stock’s 50-day moving average price is $232.10 and its two-hundred day moving average price is $247.01. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.25. The company has a market cap of $14.42 billion, a PE ratio of 73.78, a PEG ratio of 5.21 and a beta of 0.76. NICE has a 1 year low of $167.45 and a 1 year high of $288.73.
A number of institutional investors have recently made changes to their positions in the business. Rivulet Capital LLC bought a new stake in NICE during the first quarter worth approximately $119,884,000. RGM Capital LLC lifted its holdings in shares of NICE by 33.8% during the first quarter. RGM Capital LLC now owns 786,089 shares of the technology company’s stock worth $171,344,000 after buying an additional 198,722 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of NICE during the first quarter worth approximately $370,000. TD Asset Management Inc. lifted its holdings in shares of NICE by 9.0% during the first quarter. TD Asset Management Inc. now owns 262,190 shares of the technology company’s stock worth $57,150,000 after buying an additional 21,653 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of NICE by 6.1% during the first quarter. Stifel Financial Corp now owns 23,531 shares of the technology company’s stock worth $5,130,000 after buying an additional 1,346 shares during the last quarter. 55.94% of the stock is owned by hedge funds and other institutional investors.
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.
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