NICE (NASDAQ:NICE) Price Target Cut to $226.00 by Analysts at Barclays

NICE (NASDAQ:NICE) had its price objective cut by Barclays from $286.00 to $226.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research analysts also recently commented on NICE. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Northland Securities decreased their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Finally, DA Davidson reduced their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.60.

NICE Price Performance

NICE stock opened at $155.39 on Friday. The stock’s fifty day moving average price is $170.08 and its two-hundred day moving average price is $172.91. The firm has a market cap of $9.77 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. NICE has a one year low of $147.38 and a one year high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.11% and a return on equity of 15.31%. Sell-side analysts expect that NICE will post 8.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of NICE in the 4th quarter worth about $313,808,000. FIL Ltd bought a new position in shares of NICE in the fourth quarter valued at approximately $70,465,000. New South Capital Management Inc. purchased a new position in shares of NICE during the fourth quarter valued at approximately $54,980,000. Deutsche Bank AG raised its position in NICE by 95.7% in the 4th quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock valued at $102,981,000 after buying an additional 296,514 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position 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 buying an additional 279,375 shares during the last quarter. Institutional investors and hedge funds 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.