NiCE (NASDAQ:NICE) Given Average Recommendation of “Hold” by Brokerages

NiCE (NASDAQ:NICE) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $159.7692.

Several research firms have commented on NICE. JMP Securities set a $200.00 price target on shares of NiCE in a report on Friday, November 14th. Mizuho lowered their target price on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson decreased their price target on NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Finally, Zacks Research cut shares of NiCE from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in NiCE by 2.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock worth $400,884,000 after buying an additional 73,083 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of NiCE by 3.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after acquiring an additional 65,420 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of NiCE by 116.1% in the second quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock worth $207,238,000 after acquiring an additional 659,170 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of NiCE by 3.8% during the third quarter. Artisan Partners Limited Partnership now owns 1,029,121 shares of the technology company’s stock worth $148,996,000 after purchasing an additional 37,973 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in NiCE by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after purchasing an additional 623,014 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Price Performance

NICE stock opened at $117.07 on Friday. The company has a market capitalization of $7.40 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61. The firm’s fifty day simple moving average is $113.39 and its 200-day simple moving average is $135.22.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.