Jefferies Financial Group Lowers NICE (NASDAQ:NICE) Price Target to $215.00

NICE (NASDAQ:NICE) had its target price decreased by Jefferies Financial Group from $230.00 to $215.00 in a research note published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also commented on NICE. JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday. Barclays lowered their price objective on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Down 5.3 %

NICE traded down $9.57 during midday trading on Friday, hitting $172.62. 1,165,943 shares of the company’s stock traded hands, compared to its average volume of 525,258. The company has a market cap of $10.85 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The stock’s fifty day simple moving average is $172.93 and its 200-day simple moving average is $178.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE has a one year low of $151.52 and a one year high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. As a group, equities analysts anticipate that NICE will post 8.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tanaka Capital Management Inc. raised its holdings in NICE by 2,663.8% during the 3rd quarter. Tanaka Capital Management Inc. now owns 4,809 shares of the technology company’s stock worth $835,000 after purchasing an additional 4,635 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in NICE during the 3rd quarter worth about $6,438,000. MML Investors Services LLC raised its holdings in NICE by 238.7% during the 3rd quarter. MML Investors Services LLC now owns 7,503 shares of the technology company’s stock worth $1,303,000 after purchasing an additional 5,288 shares during the last quarter. World Investment Advisors LLC bought a new stake in NICE during the 3rd quarter worth about $24,547,000. Finally, XTX Topco Ltd bought a new stake in NICE during the 3rd quarter worth about $647,000. 63.34% of the stock is owned by institutional investors.

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.