Truist Financial Corp Purchases Shares of 8,497 NiCE $NICE

Truist Financial Corp acquired a new position in NiCE (NASDAQ:NICE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,497 shares of the technology company’s stock, valued at approximately $1,230,000.

A number of other hedge funds have also made changes to their positions in NICE. Lazard Asset Management LLC increased its holdings in NiCE by 116.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after purchasing an additional 659,170 shares in the last quarter. Boston Partners grew its stake in shares of NiCE by 41.2% in the second quarter. Boston Partners now owns 538,985 shares of the technology company’s stock valued at $90,945,000 after buying an additional 157,319 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NiCE by 81.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after buying an additional 103,342 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in NiCE by 36.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 336,887 shares of the technology company’s stock worth $56,904,000 after acquiring an additional 90,054 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings 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 worth $309,389,000 after acquiring an additional 65,420 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NICE. Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Royal Bank Of Canada dropped their price target on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. JMP Securities set a $200.00 price objective on shares of NiCE in a research note on Friday, November 14th. Barclays decreased their price objective on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Finally, Wedbush lowered shares of NiCE from an “outperform” rating to a “neutral” rating and cut their target price for the company from $170.00 to $120.00 in a research note on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE has an average rating of “Hold” and a consensus target price of $159.77.

NiCE Stock Performance

NiCE stock opened at $111.37 on Tuesday. NiCE has a one year low of $99.00 and a one year high of $180.61. The company has a 50-day simple moving average of $111.51 and a 200-day simple moving average of $127.62. The firm has a market capitalization of $7.04 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.65 and a beta of 0.96.

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.