NICE (NASDAQ:NICE) Upgraded to Hold at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of NICE (NASDAQ:NICE) to a hold rating in a research report report published on Thursday morning, Marketbeat.com reports. Cantor Fitzgerald currently has $176.00 price target on the technology company’s stock.

Several other research analysts have also issued reports on the company. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson reduced their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.93.

NICE Price Performance

NICE opened at $162.40 on Thursday. NICE has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The firm has a 50 day simple moving average of $177.51 and a 200 day simple moving average of $174.26.

Institutional Trading of NICE

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after acquiring an additional 279,375 shares during the last quarter. Vulcan Value Partners LLC boosted its position in NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares during the last quarter. RGM Capital LLC grew its stake in NICE by 12.5% in the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock valued at $180,759,000 after purchasing an additional 116,629 shares in the last quarter. CCLA Investment Management increased its position in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after purchasing an additional 87,003 shares during the last quarter. Finally, American Capital Management Inc. raised its stake in shares of NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after purchasing an additional 7,303 shares in the last quarter. 63.34% of the stock is currently 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.