NICE Ltd. (NASDAQ:NICE) Shares Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC boosted its holdings in NICE Ltd. (NASDAQ:NICE) by 18.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,844 shares of the technology company’s stock after purchasing an additional 7,023 shares during the quarter. NFJ Investment Group LLC owned about 0.07% of NICE worth $7,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of NICE in the third quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of NICE in the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Up 0.5 %

NASDAQ:NICE opened at $185.37 on Wednesday. The firm’s fifty day simple moving average is $176.11 and its 200-day simple moving average is $174.37. The stock has a market cap of $11.65 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $250.00 price target on shares of NICE in a report on Friday, August 16th. DA Davidson reduced their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group dropped their target price on NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.57.

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.