Oppenheimer & Co. Inc. boosted its stake in NICE Ltd. (NASDAQ:NICE – Free Report) by 10.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,582 shares of the technology company’s stock after acquiring an additional 156 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NICE were worth $362,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in NICE by 2.0% in the 1st quarter. Capital International Investors now owns 1,627,984 shares of the technology company’s stock valued at $357,017,000 after buying an additional 32,312 shares during the period. Vulcan Value Partners LLC purchased a new stake in shares of NICE in the 4th quarter valued at approximately $166,868,000. Franklin Resources Inc. grew its position in shares of NICE by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 860,714 shares of the technology company’s stock valued at $165,515,000 after buying an additional 14,875 shares during the last quarter. abrdn plc boosted its stake in NICE by 1.7% during the 4th quarter. abrdn plc now owns 808,902 shares of the technology company’s stock worth $155,552,000 after purchasing an additional 13,404 shares during the period. Finally, RGM Capital LLC boosted its stake in NICE by 6.3% during the 4th quarter. RGM Capital LLC now owns 770,897 shares of the technology company’s stock worth $148,243,000 after purchasing an additional 45,640 shares during the period. Hedge funds and other institutional investors own 63.58% of the company’s stock.
NICE Stock Down 0.4 %
NICE stock opened at $194.44 on Wednesday. The firm’s 50-day simple moving average is $208.40 and its 200 day simple moving average is $208.71. The stock has a market cap of $12.37 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.14. NICE Ltd. has a fifty-two week low of $164.65 and a fifty-two week high of $231.54.
Wall Street Analyst Weigh In
NICE has been the subject of several recent analyst reports. StockNews.com started coverage on shares of NICE in a research note on Thursday, August 17th. They issued a “buy” rating for the company. JMP Securities reissued a “market outperform” rating and set a $343.00 target price on shares of NICE in a research report on Friday, August 18th. Wedbush reduced their target price on shares of NICE from $250.00 to $230.00 in a research report on Friday, May 12th. Jefferies Financial Group dropped their price target on shares of NICE from $260.00 to $235.00 in a research note on Thursday, May 11th. Finally, Mizuho began coverage on shares of NICE in a research note on Tuesday, May 30th. They issued a “buy” rating and a $244.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NICE has an average rating of “Moderate Buy” and an average target price of $260.00.
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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.
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