NICE (NASDAQ:NICE) Cut to “Buy” at StockNews.com

NICE (NASDAQ:NICE) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

NICE has been the topic of a number of other reports. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 target price on shares of NICE in a report on Friday, November 15th. DA Davidson reduced their price objective on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Trading Up 1.0 %

Shares of NICE opened at $175.42 on Tuesday. The company has a 50-day moving average of $180.71 and a two-hundred day moving average of $174.28. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The stock has a market cap of $11.03 billion, a P/E ratio of 27.15, a PEG ratio of 1.46 and a beta of 1.05.

Institutional Trading of NICE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in NICE by 182.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,436 shares of the technology company’s stock worth $4,202,000 after acquiring an additional 15,788 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the period. UMB Bank n.a. grew its position in shares of NICE by 151.1% during the 2nd quarter. UMB Bank n.a. now owns 550 shares of the technology company’s stock valued at $95,000 after buying an additional 331 shares during the last quarter. Legacy Advisors LLC raised its stake in NICE by 1.3% during the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 88 shares during the period. Finally, Rothschild Investment LLC bought a new position in NICE in the second quarter worth about $72,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.