Bloomberg reports that out of the ten brokerages currently covering NICE Ltd (NASDAQ: NICE), an average rating of “Moderate Buy” has been assigned to the company’s stock.
The brokerages were the ones who presented this rating.
There has been only one recommendation from equity research experts to keep the stock in one’s portfolio, compared to the eight recommendations to buy the stock.
The average price target for the stock set by analysts who have covered the company within the past year is $253.38 per share for the period spanning the next 12 months.
During the past few months, various hedge funds and institutional investors have been active buyers and sellers of the NICE stock.
During the fourth quarter, Vulcan Value Partners LLC increased its investment in NICE by investing approximately 166,868,000 dollars. CCLA Investment Management increased its position in NICE during the third quarter by purchasing additional shares for approximately $90,157,000.
Black Creek Investment Management INC increased the proportion of NICE stock owned by 2,541.7% during the second quarter of the fiscal year.
Black Creek Investment Management INC now has a total of 491,861 shares of the technology company’s stock, thanks to the purchase of an additional 473,242 shares during the most recent quarter.
The stock has a value of $94,659,000, according to Black Creek Investment Management INC During the fourth quarter of the fiscal year, Phoenix Holdings Ltd increased the percentage of NICE shares it owned by 155.6%. Following the acquisition of an additional 220,062 shares of the technology company’s stock during the most recent quarter, Phoenix Holdings Ltd now possesses 361,515 shares of the company’s stock, currently valued at $69,529,000.
This brings the total number of shares owned by the company to 361,515; Not to mention, during the second quarter, FMR LLC increased its ownership stake in NICE by 5.9%, making this the last and most important point. FMR LLC now has a total of 3,344,513 shares of the technology company’s stock following the purchase of an additional 187,629 shares during the most recent quarter.
The shares have a combined value of $643,652,000 because FMR LLC has a total of 3,344,513.
Institutional investors and hedge funds together own 63.92% of the total number of shares in the company.
Various brokerage firms have expressed interest in purchasing shares of NICE in recent days.
Piper Sandler changed their rating for NICE to “overweight” in a research note published on January 17th.
Previously, they had given the company a “neutral” rating.
The company also established a price target of $227.00 for the shares of the company. Citigroup lowered their price target for NICE from $301.00 to $277.00 and shifted their rating from “buy” to “hold” in a research report made available on Friday, February 24th.
TheStreet raised NICE’s rating from “c+” to “b-” in a research report released on Wednesday, January 18th.
Previously, the company had received a rating of “C-.”
When the market opened on Thursday, the price of a share of NICE was $205.45 per share.
The company’s market capitalization is currently sitting at $13.04 billion, and it possesses a price-to-earnings ratio of 51.36, a price-to-earnings growth of 2.59, and a beta value of 0.87.
During its 52-week trading range, NICE experienced a new all-time low of $164.65 and a new all-time high of $235.11.
The stock’s price has reached $209.49 on its moving average for the past 50 days, while the price has reached $200.23 on its moving average for the past 200 days.
The ratio of debt to equity is 0.15, the ratio of quick to current cash flow is 2.11, and the ratio of current cash flow to quick cash flow is also 2.11.
Enterprise software-related problems can be solved by NICE Ltd, a company that offers various related services and solutions.
Its commercial operations are divided into three sub-divisions: consumer interaction solutions, security solutions, and financial crime and compliance solutions. Suites for customer experience, sales and retention, labor optimization, operational efficiency, compliance, and risk management are all part of the Customer Interaction Solutions industry.