Rosenblatt Securities Lowers NICE (NASDAQ:NICE) Price Target to $200.00

NICE (NASDAQ:NICE) had its target price reduced by Rosenblatt Securities from $225.00 to $200.00 in a report released on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also recently commented on NICE. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Cantor Fitzgerald assumed coverage on shares of NICE in a research note on Friday, January 17th. They set a “neutral” rating and a $176.00 price objective for the company. Northland Securities cut their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NICE currently has a consensus rating of “Moderate Buy” and an average target price of $239.60.

NICE Stock Performance

NASDAQ:NICE opened at $155.39 on Friday. NICE has a fifty-two week low of $147.38 and a fifty-two week high of $270.73. The company has a 50 day moving average price of $170.08 and a 200 day moving average price of $172.91. The stock has a market capitalization of $9.77 billion, a P/E ratio of 24.05, a PEG ratio of 1.25 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 15.31% and a net margin of 16.11%. Research analysts forecast that NICE will post 8.82 earnings per share for the current fiscal year.

Institutional Trading of NICE

Several large investors have recently added to or reduced their stakes in the business. Avion Wealth acquired a new position in NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC grew its position in NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in shares of NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after acquiring an additional 58 shares in the last quarter. 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.