NICE (NASDAQ:NICE) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a buy rating to a strong-buy rating in a research report released on Tuesday.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald began coverage on shares of NICE in a report on Friday, January 17th. They issued a “neutral” rating and a $176.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, DA Davidson decreased their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Price Performance

NICE stock opened at $165.52 on Tuesday. The business has a 50 day simple moving average of $176.37 and a 200-day simple moving average of $174.23. NICE has a 12 month low of $151.52 and a 12 month high of $270.73. The stock has a market capitalization of $10.41 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Institutional Trading of NICE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of NICE by 8.7% during the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock worth $577,000 after purchasing an additional 269 shares during the last quarter. American Century Companies Inc. boosted its position in NICE by 6.8% during the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock worth $786,000 after acquiring an additional 289 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in NICE by 45.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,853 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 1,824 shares during the period. ProShare Advisors LLC raised its holdings in NICE by 49.5% in the 2nd quarter. ProShare Advisors LLC now owns 1,796 shares of the technology company’s stock valued at $309,000 after acquiring an additional 595 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of NICE during the 2nd quarter worth $591,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Company Profile

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.