NICE (NASDAQ:NICE) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of NICE (NASDAQ:NICE) in a report issued on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $176.00 price target on the technology company’s stock.

Several other equities research analysts also recently issued reports on NICE. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Citigroup increased their price objective on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Trading Down 1.1 %

NASDAQ:NICE opened at $162.40 on Friday. The firm has a market capitalization of $10.21 billion, a PE ratio of 25.14, a PEG ratio of 1.13 and a beta of 1.06. NICE has a 1 year low of $151.52 and a 1 year high of $270.73. The firm’s fifty day simple moving average is $177.51 and its 200 day simple moving average is $174.26.

Institutional Investors Weigh In On NICE

Several large investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 in the last quarter. Vulcan Value Partners LLC grew its holdings in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after purchasing an additional 394,715 shares during the last quarter. RGM Capital LLC increased its position in shares of NICE by 12.5% during the 2nd quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after purchasing an additional 116,629 shares in the last quarter. CCLA Investment Management boosted its position in NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after buying an additional 87,003 shares in the last quarter. Finally, American Capital Management Inc. grew its stake in NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after buying an additional 7,303 shares during the last quarter. 63.34% of the stock is currently owned by 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.