Lakewood Asset Management LLC Increases Position in NiCE $NICE

Lakewood Asset Management LLC increased its holdings in NiCE (NASDAQ:NICE) by 478.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,791 shares of the technology company’s stock after purchasing an additional 10,580 shares during the quarter. Lakewood Asset Management LLC’s holdings in NiCE were worth $1,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NICE. Migdal Insurance & Financial Holdings Ltd. grew its stake in NiCE by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after acquiring an additional 65,420 shares during the period. Perpetual Ltd raised its position in NiCE by 3.5% during the second quarter. Perpetual Ltd now owns 258,683 shares of the technology company’s stock worth $43,694,000 after acquiring an additional 8,783 shares during the period. Swedbank AB grew its position in shares of NiCE by 12.6% in the second quarter. Swedbank AB now owns 375,700 shares of the technology company’s stock valued at $63,459,000 after purchasing an additional 42,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NiCE by 218.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock worth $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of NiCE during the 2nd quarter worth about $1,004,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Trading Down 0.4%

NiCE stock opened at $117.07 on Friday. The company has a 50-day moving average price of $113.39 and a 200 day moving average price of $135.43. NiCE has a 12-month low of $99.00 and a 12-month high of $180.61. The stock has a market cap of $7.40 billion, a P/E ratio of 13.30, a PEG ratio of 1.73 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley cut their price objective on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Citigroup boosted their price target on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a report on Monday, December 29th. Citizens Jmp dropped their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a report on Friday, November 14th. Finally, Wedbush downgraded shares of NiCE from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $120.00 in a research note on Monday, December 8th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $159.77.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.