NICE (NASDAQ:NICE) Now Covered by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald initiated coverage on shares of NICE (NASDAQ:NICE) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $176.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 8.37% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Northland Securities cut their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Jefferies Financial Group reissued a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Price Performance

NASDAQ NICE opened at $162.40 on Friday. The company has a fifty day moving average of $177.51 and a two-hundred day moving average of $174.29. NICE has a 1 year low of $151.52 and a 1 year high of $270.73. The company has a market capitalization of $10.21 billion, a PE ratio of 25.14, a P/E/G ratio of 1.13 and a beta of 1.06.

Institutional Investors Weigh In On NICE

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of NICE by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock valued at $577,000 after purchasing an additional 269 shares in the last quarter. Choreo LLC acquired a new stake in shares of NICE during the 2nd quarter valued at approximately $211,000. American Century Companies Inc. boosted its stake in shares of NICE by 6.8% during the 2nd 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 in the last quarter. Federated Hermes Inc. grew its holdings in shares of NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company’s stock worth $3,209,000 after acquiring an additional 2,124 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in NICE in the 2nd quarter valued at approximately $18,529,000. Institutional investors and hedge funds 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.