Envestnet Asset Management Inc. Acquires 67,971 Shares of NiCE $NICE

Envestnet Asset Management Inc. increased its position in shares of NiCE (NASDAQ:NICE) by 59.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,438 shares of the technology company’s stock after purchasing an additional 67,971 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of NiCE worth $26,413,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in NiCE by 3.7% in the second 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 last quarter. Lazard Asset Management LLC boosted its stake in shares of 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. Alliancebernstein L.P. grew its holdings in shares of NiCE by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company’s stock valued at $138,361,000 after purchasing an additional 50,403 shares during the last quarter. CCLA Investment Management increased its position in NiCE by 6.6% during the 2nd quarter. CCLA Investment Management now owns 710,865 shares of the technology company’s stock worth $120,029,000 after purchasing an additional 43,872 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in NiCE by 1.3% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 646,979 shares of the technology company’s stock valued at $93,670,000 after purchasing an additional 8,170 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NICE shares. DA Davidson reduced their price objective on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Citizens Jmp reduced their price target on NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday, November 14th. Morgan Stanley decreased their price target on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $122.00 price objective on shares of NiCE in a research note on Tuesday, December 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $175.00 target price on shares of NiCE in a research report on Tuesday, December 23rd. 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. According to MarketBeat, NiCE currently has a consensus rating of “Hold” and a consensus target price of $159.77.

NiCE Price Performance

NICE opened at $105.69 on Friday. NiCE has a fifty-two week low of $99.00 and a fifty-two week high of $180.61. The company’s 50-day moving average is $111.68 and its 200 day moving average is $127.01. The firm has a market capitalization of $6.68 billion, a P/E ratio of 12.01, a PEG ratio of 1.69 and a beta of 0.96.

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.