NiCE’s (NICE) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of NiCE (NASDAQ:NICE) in a research report released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $175.00 target price on the technology company’s stock.

Several other research analysts have also recently issued reports on NICE. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Monday, December 15th. JMP Securities set a $200.00 price objective on NiCE in a research note on Friday, November 14th. Mizuho reduced their target price on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Citizens Jmp dropped their price target on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday, November 14th. Finally, Morgan Stanley reduced their price objective on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NiCE currently has an average rating of “Moderate Buy” and a consensus target price of $159.77.

NiCE Price Performance

NICE opened at $112.83 on Tuesday. NiCE has a fifty-two week low of $99.00 and a fifty-two week high of $180.61. The firm has a market capitalization of $7.14 billion, a PE ratio of 12.82, a P/E/G ratio of 1.55 and a beta of 1.01. The company’s 50-day moving average is $117.57 and its 200 day moving average is $139.57.

Institutional Investors Weigh In On NiCE

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

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.