NICE (NASDAQ:NICE) Now Covered by Cantor Fitzgerald

Research analysts at Cantor Fitzgerald started coverage on shares of NICE (NASDAQ:NICE) in a report issued on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $176.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 7.19% from the company’s current price.

Several other equities analysts also recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. DA Davidson cut their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Stock Performance

Shares of NICE stock opened at $164.20 on Friday. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 1.13 and a beta of 1.06. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The firm’s 50-day simple moving average is $178.06 and its two-hundred day simple moving average is $174.30.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently made changes to their positions in NICE. Migdal Insurance & Financial Holdings Ltd. increased its stake in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after acquiring an additional 279,375 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after purchasing an additional 394,715 shares in the last quarter. RGM Capital LLC increased its position in shares of NICE by 12.5% in the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after purchasing an additional 116,629 shares during the last quarter. CCLA Investment Management raised its stake in NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after purchasing an additional 87,003 shares in the last quarter. Finally, American Capital Management Inc. lifted its position in NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock valued at $93,836,000 after purchasing an additional 7,303 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NICE

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.