Blue Door Asset Management LLC Takes Position in NiCE $NICE

Blue Door Asset Management LLC purchased a new stake in NiCE (NASDAQ:NICE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 31,600 shares of the technology company’s stock, valued at approximately $5,338,000. NiCE comprises 2.8% of Blue Door Asset Management LLC’s holdings, making the stock its 11th largest holding.

A number of other large investors also recently modified their holdings of the business. Richardson Financial Services Inc. boosted its position in NiCE by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after purchasing an additional 99 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in NiCE during the second quarter worth $60,000. Legal & General Group Plc acquired a new stake in NiCE in the second quarter valued at $65,000. Hantz Financial Services Inc. grew its position in shares of NiCE by 1,388.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after acquiring an additional 375 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of NiCE during the 1st quarter worth about $69,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on NICE shares. Barclays dropped their price objective on NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. DA Davidson dropped their price objective on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Wedbush cut NiCE from an “outperform” rating to a “neutral” rating and cut their price target for the company from $170.00 to $120.00 in a research note on Monday. Morgan Stanley lowered their price objective on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada lowered their price objective on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.38.

NiCE Trading Up 1.2%

Shares of NICE opened at $108.06 on Thursday. The firm’s fifty day simple moving average is $123.06 and its two-hundred day simple moving average is $143.90. NiCE has a 12 month low of $99.00 and a 12 month high of $193.42. The stock has a market capitalization of $6.83 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.

NiCE 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 enables 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.