NICE Ltd. (NASDAQ:NICE) Stock Position Increased by CCLA Investment Management

CCLA Investment Management boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 704,494 shares of the technology company’s stock after buying an additional 87,003 shares during the quarter. NICE accounts for approximately 1.9% of CCLA Investment Management’s investment portfolio, making the stock its 26th largest position. CCLA Investment Management owned approximately 1.12% of NICE worth $119,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its holdings in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in NICE during the 3rd quarter worth about $38,000. Wilmington Savings Fund Society FSB purchased a new stake in NICE during the third quarter valued at about $41,000. GAMMA Investing LLC boosted its holdings in shares of NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after buying an additional 116 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after buying an additional 91 shares during the period. 63.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson reduced their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Finally, Citigroup raised their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.50.

NICE Trading Up 2.2 %

NICE stock opened at $169.34 on Wednesday. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The firm’s fifty day simple moving average is $178.69 and its 200-day simple moving average is $174.44. The company has a market capitalization of $10.65 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.46 and a beta of 1.06.

NICE Company Profile

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.