Cerity Partners LLC raised its stake in NICE Ltd. (NASDAQ:NICE – Free Report) by 20.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,348 shares of the technology company’s stock after acquiring an additional 749 shares during the quarter. Cerity Partners LLC’s holdings in NICE were worth $995,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Capital International Investors raised its holdings in shares of NICE by 2.0% in the first quarter. Capital International Investors now owns 1,627,984 shares of the technology company’s stock worth $357,017,000 after acquiring an additional 32,312 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of NICE by 0.8% in the first quarter. Artisan Partners Limited Partnership now owns 1,419,288 shares of the technology company’s stock worth $324,861,000 after acquiring an additional 11,856 shares during the last quarter. Vulcan Value Partners LLC acquired a new position in shares of NICE in the fourth quarter worth $166,868,000. Franklin Resources Inc. raised its holdings in shares of NICE by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 860,714 shares of the technology company’s stock worth $165,515,000 after acquiring an additional 14,875 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of NICE by 1.7% in the fourth quarter. abrdn plc now owns 808,902 shares of the technology company’s stock worth $155,552,000 after acquiring an additional 13,404 shares during the last quarter. 63.58% of the stock is owned by institutional investors and hedge funds.
NICE Price Performance
NICE stock opened at $195.69 on Friday. The stock has a 50-day moving average price of $207.55 and a two-hundred day moving average price of $208.35. NICE Ltd. has a 12-month low of $164.65 and a 12-month high of $231.54. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $12.45 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.85.
Wall Street Analyst Weigh In
NICE has been the subject of several analyst reports. William Blair initiated coverage on NICE in a research note on Wednesday, July 26th. They issued an “outperform” rating for the company. JMP Securities reiterated a “market outperform” rating and issued a $343.00 target price on shares of NICE in a research note on Friday, August 18th. Jefferies Financial Group dropped their target price on NICE from $260.00 to $235.00 in a research note on Thursday, May 11th. StockNews.com initiated coverage on NICE in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Citigroup upped their target price on NICE from $278.00 to $338.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.00.
View Our Latest Stock Report on NICE
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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.
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