Richardson Financial Services Inc. Has $38,000 Position in NICE Ltd. (NASDAQ:NICE)

Richardson Financial Services Inc. grew its holdings in NICE Ltd. (NASDAQ:NICE) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220 shares of the technology company’s stock after buying an additional 67 shares during the quarter. Richardson Financial Services Inc.’s holdings in NICE were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NICE. Migdal Insurance & Financial Holdings Ltd. increased its position in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after acquiring an additional 279,375 shares in the last quarter. Perpetual Ltd bought a new stake in shares of NICE during the fourth quarter valued at approximately $31,792,000. World Investment Advisors LLC acquired a new stake in shares of NICE in the third quarter valued at approximately $24,547,000. Bruni J V & Co. Co. bought a new position in NICE in the 3rd quarter worth approximately $22,849,000. Finally, Swedbank AB lifted its holdings in NICE by 201.7% during the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock worth $24,470,000 after buying an additional 94,200 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of recent research reports. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. DA Davidson dropped their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $253.93.

NICE Stock Performance

Shares of NICE stock opened at $166.14 on Monday. The company has a market capitalization of $10.45 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The company’s 50 day moving average price is $174.47 and its two-hundred day moving average price is $173.66.

NICE 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.