NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Moderate Buy” by Analysts

NICE Ltd. (NASDAQ:NICE) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $253.93.

NICE has been the topic of a number of research reports. Citigroup lifted their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Cantor Fitzgerald initiated coverage on shares of NICE in a research report on Friday, January 17th. They issued a “neutral” rating and a $176.00 price objective for the company. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th.

Institutional Trading of NICE

Several large investors have recently added to or reduced their stakes in the company. Bruni J V & Co. Co. acquired a new stake in shares of NICE during the third quarter worth about $22,849,000. Asset Management One Co. Ltd. lifted its holdings in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares during the period. Kopion Asset Management LLC acquired a new stake in shares of NICE during the fourth quarter worth about $7,433,000. Parnassus Investments LLC lifted its holdings in shares of NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after purchasing an additional 7,635 shares during the period. Finally, Buckingham Capital Management Inc. lifted its holdings in shares of NICE by 43.5% during the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after purchasing an additional 5,829 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $161.04 on Friday. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.16 and a beta of 1.06. NICE has a one year low of $151.52 and a one year high of $270.73. The company’s fifty day moving average price is $175.26 and its 200-day moving average price is $174.08.

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.