Citigroup Increases NICE (NASDAQ:NICE) Price Target to $334.00

NICE (NASDAQ:NICE) had its target price hoisted by Citigroup from $330.00 to $334.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

NICE has been the subject of a number of other reports. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Thursday, October 3rd. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Finally, Northland Securities lowered their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Performance

Shares of NASDAQ NICE opened at $172.62 on Wednesday. The company has a market cap of $10.85 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.40 and a beta of 1.04. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The firm’s fifty day moving average is $172.93 and its two-hundred day moving average is $178.02.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a return on equity of 15.48% and a net margin of 16.11%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. As a group, analysts anticipate that NICE will post 8.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NICE. Creative Financial Designs Inc. ADV boosted its position in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the period. ORG Wealth Partners LLC bought a new position in NICE in the third quarter worth approximately $38,000. GAMMA Investing LLC increased its holdings in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares during the period. Finally, Rothschild Investment LLC bought a new stake in NICE during the 2nd quarter valued at $72,000. 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.