Piper Sandler Cuts NICE (NASDAQ:NICE) Price Target to $213.00

NICE (NASDAQ:NICEGet Free Report) had its price target decreased by stock analysts at Piper Sandler from $238.00 to $213.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price objective points to a potential upside of 25.41% from the company’s previous close.

Several other analysts have also recently weighed in on NICE. Jefferies Financial Group dropped their price target on NICE from $280.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 17th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research note on Wednesday, June 12th. Citigroup increased their target price on shares of NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Bank of America lowered their price objective on NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat, NICE has an average rating of “Buy” and an average target price of $272.07.

Check Out Our Latest Stock Report on NICE

NICE Stock Down 1.7 %

Shares of NASDAQ NICE traded down $2.88 during mid-day trading on Wednesday, hitting $169.84. The company had a trading volume of 109,413 shares, compared to its average volume of 507,353. NICE has a one year low of $149.54 and a one year high of $270.73. The company has a market capitalization of $10.68 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The firm has a 50-day simple moving average of $186.55 and a two-hundred day simple moving average of $213.05. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICEGet Free Report) last announced its earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. The business had revenue of $659.31 million during the quarter, compared to the consensus estimate of $654.81 million. NICE had a net margin of 14.92% and a return on equity of 14.05%. On average, equities analysts expect that NICE will post 8.4 EPS for the current year.

Institutional Trading of NICE

Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in shares of NICE by 8.1% during the first quarter. Global Retirement Partners LLC now owns 590 shares of the technology company’s stock valued at $154,000 after acquiring an additional 44 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of NICE by 4.1% in the first quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock valued at $315,000 after acquiring an additional 47 shares in the last quarter. Spire Wealth Management increased its position in shares of NICE by 7.5% during the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after acquiring an additional 51 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of NICE by 11.1% during the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after acquiring an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in NICE by 46.3% in the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock worth $52,000 after purchasing an additional 63 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NICE (NASDAQ:NICE)

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