NICE’s (NICE) Hold Rating Reiterated at Jefferies Financial Group

NICE (NASDAQ:NICE)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently 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 target indicates a potential upside of 10.04% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. DA Davidson dropped their price objective on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Northland Securities lowered their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Price Performance

NASDAQ:NICE opened at $181.75 on Thursday. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a 50-day moving average of $180.50 and a 200 day moving average of $174.09. The firm has a market cap of $11.43 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aurora Investment Counsel lifted its position in NICE by 0.7% during the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after buying an additional 80 shares in the last quarter. Financial Perspectives Inc boosted its position in shares of NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after acquiring an additional 86 shares during the last quarter. Mendota Financial Group LLC grew its holdings in shares of NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after purchasing an additional 86 shares during the period. Legacy Advisors LLC increased its position in NICE by 1.3% during the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 88 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.