NICE (NASDAQ:NICE) Given New $286.00 Price Target at Barclays

NICE (NASDAQ:NICE) had its price objective decreased by Barclays from $320.00 to $286.00 in a report issued on Thursday, Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also recently commented on NICE. Citigroup raised their price target on NICE from $339.00 to $346.00 and gave the stock a buy rating in a research report on Wednesday, June 12th. Piper Sandler decreased their target price on shares of NICE from $238.00 to $213.00 and set an overweight rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group cut their price target on shares of NICE from $280.00 to $230.00 and set a buy rating for the company in a report on Friday, May 17th. Rosenblatt Securities decreased their price objective on shares of NICE from $285.00 to $225.00 and set a buy rating on the stock in a research note on Wednesday, June 12th. Finally, StockNews.com cut NICE from a strong-buy rating to a buy rating in a research note on Friday, June 14th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $269.64.

NICE Stock Performance

NASDAQ NICE opened at $180.99 on Thursday. The firm has a 50-day moving average price of $176.03 and a two-hundred day moving average price of $211.04. NICE has a 12-month low of $149.54 and a 12-month high of $270.73. The company has a market capitalization of $11.38 billion, a P/E ratio of 32.67, a P/E/G ratio of 1.47 and a beta of 1.04. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. Analysts anticipate that NICE will post 8.4 earnings per share for the current year.

Institutional Trading of NICE

A number of hedge funds have recently made changes to their positions in the company. Raymond James & Associates boosted its position in NICE by 23.6% during the 4th quarter. Raymond James & Associates now owns 99,804 shares of the technology company’s stock worth $19,912,000 after buying an additional 19,031 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of NICE by 11.1% during the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after purchasing an additional 60 shares during the period. Schechter Investment Advisors LLC bought a new stake in shares of NICE in the fourth quarter worth $348,000. Highland Capital Management LLC increased its holdings in NICE by 4.2% in the fourth quarter. Highland Capital Management LLC now owns 3,750 shares of the technology company’s stock valued at $748,000 after purchasing an additional 150 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in NICE during the 4th quarter worth $29,000. 63.34% of the stock is owned by institutional investors and hedge funds.

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.