NICE Ltd. (NASDAQ:NICE) Shares Purchased by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 35.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 58,620 shares of the technology company’s stock after acquiring an additional 15,347 shares during the quarter. Eagle Asset Management Inc.’s holdings in NICE were worth $11,137,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NICE. Migdal Insurance & Financial Holdings Ltd. lifted its position in NICE by 21.6% in the third 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 during the last quarter. Black Creek Investment Management Inc. lifted its holdings in shares of NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after purchasing an additional 250,334 shares during the last quarter. Vulcan Value Partners LLC boosted its position in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares during the period. Massachusetts Financial Services Co. MA grew its stake in NICE by 12.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after buying an additional 117,749 shares during the last quarter. Finally, RGM Capital LLC increased its position in NICE by 12.5% during the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after buying an additional 116,629 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Ratings Changes

NICE has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research report on Friday, August 16th. DA Davidson dropped their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Northland Securities dropped their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Price Performance

NICE opened at $176.16 on Friday. The stock’s 50 day simple moving average is $173.96 and its 200 day simple moving average is $176.32. The stock has a market cap of $11.08 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.38 and a beta of 1.04. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73.

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.