Citigroup Lowers NICE (NASDAQ:NICE) Price Target to $279.00

NICE (NASDAQ:NICE) had its target price cut by Citigroup from $315.00 to $279.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

NICE has been the subject of a number of other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Cantor Fitzgerald initiated coverage on shares of NICE in a research report on Friday, January 17th. They issued a “neutral” rating and a $176.00 price target for the company. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.27.

NICE Stock Performance

Shares of NICE opened at $153.59 on Tuesday. The company has a 50-day simple moving average of $170.71 and a 200-day simple moving average of $173.01. The firm has a market capitalization of $9.66 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.23 and a beta of 1.06. NICE has a 52 week low of $147.38 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 27th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.11% and a return on equity of 15.31%. As a group, equities analysts forecast that NICE will post 8.82 earnings per share for the current year.

Institutional Trading of NICE

Large investors have recently added to or reduced their stakes in the company. Bruni J V & Co. Co. bought a new stake in NICE during the third quarter worth about $22,849,000. Asset Management One Co. Ltd. grew its stake 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 purchasing an additional 5,629 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after purchasing an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new stake in shares of NICE during the fourth quarter valued at approximately $7,433,000. Finally, Parnassus Investments LLC grew its stake 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 valued at $89,794,000 after purchasing an additional 7,635 shares during 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.