NICE (NASDAQ:NICE) Given “Hold” Rating at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of NICE (NASDAQ:NICE) in a report released on Thursday, Marketbeat.com reports. Jefferies Financial Group currently has a $200.00 price target on the technology company’s stock, down from their previous price target of $215.00.

A number of other research firms have also recently commented on NICE. Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Citigroup increased their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Northland Securities decreased their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Finally, StockNews.com raised NICE from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Three 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.50.

NICE Trading Up 1.1 %

Shares of NICE stock traded up $1.89 on Thursday, hitting $177.45. 46,562 shares of the company traded hands, compared to its average volume of 512,283. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock’s 50 day moving average price is $180.70 and its 200-day moving average price is $174.10. The company has a market cap of $11.16 billion, a PE ratio of 27.47, a PEG ratio of 1.46 and a beta of 1.05.

Institutional Trading of NICE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vulcan Value Partners LLC increased its holdings in NICE by 49.7% in the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after buying an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 purchasing an additional 279,375 shares in the last quarter. Acadian Asset Management LLC raised its holdings in NICE by 63.2% during the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock worth $119,317,000 after purchasing an additional 268,677 shares during the last quarter. Marshall Wace LLP acquired a new position in NICE during the second quarter worth $44,076,000. Finally, Black Creek Investment Management Inc. boosted its position in NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Institutional investors and hedge funds 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.