Financial Perspectives Inc Increases Holdings in NICE Ltd. (NASDAQ:NICE)

Financial Perspectives Inc raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 635 shares of the technology company’s stock after buying an additional 66 shares during the quarter. Financial Perspectives Inc’s holdings in NICE were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NICE. Creative Planning grew its position in NICE by 2.9% during the third quarter. Creative Planning now owns 7,608 shares of the technology company’s stock worth $1,321,000 after buying an additional 217 shares in the last quarter. Blue Trust Inc. grew its position in NICE by 19.2% during the third quarter. Blue Trust Inc. now owns 1,016 shares of the technology company’s stock worth $175,000 after buying an additional 164 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in NICE by 48.9% during 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 in the last quarter. Castleview Partners LLC purchased a new position in NICE during the third quarter worth about $88,000. Finally, Sequoia Financial Advisors LLC grew its position in NICE by 52.2% during the third quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company’s stock worth $318,000 after buying an additional 627 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Down 0.0 %

NICE stock opened at $176.46 on Wednesday. The company has a market capitalization of $11.09 billion, a P/E ratio of 27.32, a PEG ratio of 1.23 and a beta of 1.06. The stock’s 50 day moving average is $171.57 and its 200 day moving average is $173.11. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Citigroup cut their price objective on NICE from $315.00 to $279.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. DA Davidson cut 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. Finally, Northland Securities cut their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

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.