NICE (NASDAQ:NICE) Given New $228.00 Price Target at Citigroup

NICE (NASDAQ:NICE) had its price objective cut by Citigroup from $279.00 to $228.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

NICE has been the topic of several other reports. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Barclays decreased their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Cantor Fitzgerald decreased their price target on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Trading Down 4.4 %

NICE stock opened at $144.89 on Monday. The business’s fifty day simple moving average is $168.07 and its two-hundred day simple moving average is $172.70. NICE has a 12 month low of $144.62 and a 12 month high of $270.73. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, equities research analysts predict that NICE will post 9.85 EPS for the current year.

Institutional Trading of NICE

Hedge funds have recently bought and sold shares of the company. Bruni J V & Co. Co. purchased a new stake in NICE during the third quarter valued at $22,849,000. Asset Management One Co. Ltd. grew its holdings in NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after purchasing an additional 5,629 shares during the period. Clear Creek Financial Management LLC grew its holdings in NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after purchasing an additional 2,219 shares during the period. Kopion Asset Management LLC bought a new stake in NICE during the fourth quarter valued at about $7,433,000. Finally, Parnassus Investments LLC grew its holdings in NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after purchasing an additional 7,635 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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.