NICE (NASDAQ:NICE) Given “Hold” Rating at Jefferies Financial Group

NICE (NASDAQ:NICE)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat reports. They presently have a $200.00 target price on the technology company’s stock, down from their prior target price of $215.00. Jefferies Financial Group’s price objective suggests a potential upside of 13.62% from the company’s previous close.

Several other research analysts have also recently weighed in on NICE. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup raised their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.50.

NICE Price Performance

NASDAQ:NICE opened at $176.02 on Thursday. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The firm’s 50-day moving average price is $180.70 and its 200-day moving average price is $174.10. The company has a market capitalization of $11.07 billion, a PE ratio of 27.25, a P/E/G ratio of 1.46 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NICE. Bruni J V & Co. Co. bought a new position in shares of NICE in the third quarter worth about $22,849,000. Asset Management One Co. Ltd. raised its position in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after buying an additional 5,629 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after acquiring an additional 7,635 shares during the last quarter. Buckingham Capital Management Inc. grew its stake in NICE by 43.5% during the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock valued at $3,337,000 after acquiring an additional 5,829 shares in the last quarter. Finally, Osborne Partners Capital Management LLC increased its holdings in NICE by 6.4% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock valued at $11,778,000 after acquiring an additional 4,080 shares during the last quarter. 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.