Empirical Asset Management LLC Buys Shares of 17,642 NICE Ltd. (NASDAQ:NICE)

Empirical Asset Management LLC purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,642 shares of the technology company’s stock, valued at approximately $2,996,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aurora Investment Counsel grew its position in NICE by 0.7% in the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after acquiring an additional 80 shares during the period. Mendota Financial Group LLC lifted its stake in shares of NICE by 11.4% in the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after purchasing an additional 86 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of 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 purchasing an additional 100 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in NICE by 4.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company’s stock valued at $439,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NICE. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Northland Securities lowered their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Finally, Cantor Fitzgerald assumed coverage on NICE in a research note on Friday. They set a “neutral” rating and a $176.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Stock Down 1.1 %

Shares of NASDAQ:NICE opened at $162.40 on Friday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The firm’s 50 day moving average price is $177.51 and its 200 day moving average price is $174.26.

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.