NICE (NASDAQ:NICE) Price Target Cut to $215.00 by Analysts at Jefferies Financial Group

NICE (NASDAQ:NICE) had its target price cut by Jefferies Financial Group from $230.00 to $215.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts have also recently commented on NICE. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of NICE in a report on Friday, August 16th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.57.

NICE Trading Down 5.3 %

NICE stock traded down $9.57 during midday trading on Friday, reaching $172.62. 1,165,943 shares of the company’s stock traded hands, compared to its average volume of 525,258. The company has a market capitalization of $10.85 billion, a P/E ratio of 28.82, a PEG ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The business has a 50-day moving average price of $172.93 and a two-hundred day moving average price of $178.34.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. NICE’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. Equities research analysts forecast that NICE will post 8.5 EPS for the current fiscal year.

Hedge Funds Weigh In On NICE

Several large investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its holdings in shares of NICE by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after purchasing an additional 65 shares during the period. Aurora Investment Counsel boosted its holdings in shares of 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 purchasing an additional 80 shares during the period. Financial Perspectives Inc boosted its holdings in shares of NICE by 17.8% during the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after purchasing an additional 86 shares during the period. Mendota Financial Group LLC boosted its holdings in shares of NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after purchasing an additional 86 shares during the period. Finally, Legacy Advisors LLC boosted its holdings in shares of 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 period. 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.