NiCE (NASDAQ:NICE) Stock Price Target Cut by Royal Bank Of Canada

NiCE (NASDAQ:NICE) had its target price dropped by stock analysts at Royal Bank Of Canada from $145.00 to $130.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada‘s target price points to a potential upside of 35.21% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Oppenheimer upgraded NiCE from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Wednesday, September 30th. Citizens Jmp lowered their price target on NiCE from $170.00 to $158.00 and set a “market outperform” rating for the company in a report on Thursday. Citigroup restated a “market outperform” rating on shares of NiCE in a research report on Thursday. Yorkville Ives began coverage on NiCE in a research note on Monday, October 5th. They issued an “in-line” rating and a $125.00 price objective on the stock. Finally, Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.79.

NiCE Stock Performance

Shares of NASDAQ NICE traded up $0.15 during trading hours on Thursday, hitting $96.15. 611,457 shares of the stock were exchanged, compared to its average volume of 497,269. The company’s fifty day simple moving average is $110.72 and its two-hundred day simple moving average is $104.80. The company has a market cap of $5.62 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. NiCE has a 1-year low of $83.10 and a 1-year high of $136.52.

NiCE (NASDAQ:NICE) last announced its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.78 by $0.06. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The business had revenue of $790.70 million during the quarter, compared to the consensus estimate of $785.75 million. During the same period in the previous year, the business earned $3.18 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that NiCE will post 8.60 EPS for the current fiscal year.

Institutional Trading of NiCE

A number of hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of NiCE during the first quarter worth $40,000. Western Wealth Management LLC acquired a new position in shares of NiCE during the first quarter worth $44,000. Allworth Financial LP lifted its stake in shares of NiCE by 24.6% in the 2nd quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock valued at $79,000 after acquiring an additional 172 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of NiCE by 36.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock valued at $103,000 after acquiring an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NiCE by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock valued at $112,000 after acquiring an additional 517 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.