Keybank National Association OH Acquires Shares of 4,446 NiCE $NICE

Keybank National Association OH bought a new position in shares of NiCE (NASDAQ:NICE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,446 shares of the technology company’s stock, valued at approximately $644,000.

Several other hedge funds have also added to or reduced their stakes in NICE. Richardson Financial Services Inc. raised its holdings in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in NiCE in the second quarter valued at approximately $40,000. Atlantic Union Bankshares Corp bought a new position in NiCE in the second quarter valued at approximately $60,000. Legal & General Group Plc acquired a new stake in NiCE during the 2nd quarter worth $65,000. Finally, Hantz Financial Services Inc. raised its position in shares of NiCE by 1,388.9% during 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 last quarter. Institutional investors own 63.34% of the company’s stock.

NiCE Trading Up 3.2%

Shares of NICE opened at $112.51 on Thursday. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61. The firm has a fifty day simple moving average of $111.19 and a 200 day simple moving average of $128.86. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.61 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NICE shares. Wedbush lowered NiCE from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $120.00 in a research report on Monday, December 8th. Mizuho decreased their price objective on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Zacks Research lowered shares of NiCE from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Cantor Fitzgerald decreased their price target on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $122.00 price objective on shares of NiCE in a research note on Tuesday, December 23rd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, NiCE presently has an average rating of “Hold” and an average price target of $159.77.

NiCE Profile

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.