Bessemer Group Inc. Sells 566,579 Shares of NiCE $NICE

Bessemer Group Inc. lessened its holdings in shares of NiCE (NASDAQ:NICE) by 99.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the technology company’s stock after selling 566,579 shares during the period. Bessemer Group Inc.’s holdings in NiCE were worth $290,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NICE. Seelaus Asset Management LLC lifted its position in NiCE by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 1,691 shares of the technology company’s stock valued at $245,000 after acquiring an additional 75 shares during the period. Inspire Advisors LLC lifted its holdings in shares of NiCE by 2.5% during the third quarter. Inspire Advisors LLC now owns 3,302 shares of the technology company’s stock valued at $478,000 after purchasing an additional 79 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of NiCE by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock worth $252,000 after purchasing an additional 94 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of NiCE by 3.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,728 shares of the technology company’s stock worth $461,000 after buying an additional 101 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its position in NiCE by 65.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $48,000 after buying an additional 130 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 target price on shares of NiCE in a report on Tuesday, December 23rd. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Piper Sandler reissued a “neutral” rating and set a $122.00 price objective on shares of NiCE in a research report on Tuesday, December 23rd. Zacks Research cut shares of NiCE from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Morgan Stanley dropped their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.77.

NiCE Stock Down 4.8%

NICE opened at $105.69 on Friday. The firm has a 50 day moving average price of $111.68 and a 200-day moving average price of $127.01. NiCE has a twelve month low of $99.00 and a twelve month high of $180.61. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.69 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.