Y Intercept Hong Kong Ltd Sells 5,498 Shares of NICE Ltd. (NASDAQ:NICE)

Y Intercept Hong Kong Ltd decreased its holdings in NICE Ltd. (NASDAQ:NICE) by 63.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,165 shares of the technology company’s stock after selling 5,498 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NICE were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its holdings in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after buying an additional 100 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after acquiring an additional 107 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of NICE in the third quarter worth approximately $38,000. GAMMA Investing LLC boosted its holdings in NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in NICE during the 2nd quarter valued at approximately $72,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Trading Down 2.9 %

NASDAQ NICE opened at $186.67 on Monday. The company has a market cap of $11.74 billion, a P/E ratio of 28.90, a PEG ratio of 1.43 and a beta of 1.05. The company has a fifty day simple moving average of $179.40 and a 200 day simple moving average of $173.99. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NICE shares. Jefferies Financial Group dropped their price target on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Northland Securities dropped their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.57.

About NICE

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 enable 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.