NICE Ltd. (NASDAQ:NICE) Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA increased its stake in NICE Ltd. (NASDAQ:NICE) by 2.1% in the third quarter, Holdings Channel reports. The firm owned 7,333 shares of the technology company’s stock after purchasing an additional 154 shares during the period. GLOBALT Investments LLC GA’s holdings in NICE were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vulcan Value Partners LLC lifted its stake in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in NICE by 21.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after acquiring an additional 279,375 shares during the period. Acadian Asset Management LLC grew its stake in NICE by 63.2% during the 2nd quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock valued at $119,317,000 after purchasing an additional 268,677 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of NICE in the second quarter valued at about $44,076,000. Finally, Black Creek Investment Management Inc. raised its stake in shares of NICE by 22.6% in the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 0.7 %

NICE stock opened at $173.83 on Tuesday. NICE Ltd. has a 12 month low of $151.52 and a 12 month high of $270.73. The stock has a market capitalization of $10.93 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50 day simple moving average of $173.17 and a 200-day simple moving average of $177.40.

Analyst Upgrades and Downgrades

NICE has been the topic of several research reports. DA Davidson cut their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday. Northland Securities lowered their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group cut their price target on NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays decreased their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NICE currently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

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.