RGM Capital LLC Trims Stock Holdings in NICE Ltd. (NASDAQ:NICE)

RGM Capital LLC decreased its holdings in NICE Ltd. (NASDAQ:NICE) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 833,259 shares of the technology company’s stock after selling 217,846 shares during the period. NICE accounts for approximately 6.3% of RGM Capital LLC’s holdings, making the stock its 5th biggest holding. RGM Capital LLC owned 1.33% of NICE worth $144,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC lifted its holdings 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 worth $204,168,000 after acquiring an additional 394,715 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake 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 worth $273,642,000 after purchasing an additional 279,375 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of NICE by 63.2% during the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock valued at $119,317,000 after buying an additional 268,677 shares during the period. Marshall Wace LLP bought a new position in shares of NICE during the second quarter valued at approximately $44,076,000. Finally, Black Creek Investment Management Inc. grew its stake in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after buying 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 Performance

NICE traded up $0.30 on Wednesday, hitting $182.81. The company had a trading volume of 697 shares, compared to its average volume of 522,341. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.44 and a beta of 1.04. The stock has a fifty day moving average price of $174.40 and a 200-day moving average price of $175.72. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

Wall Street Analysts Forecast Growth

NICE has been the topic of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of NICE in a report on Friday, August 16th. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Finally, Jefferies Financial Group reduced their target price on shares of NICE from $230.00 to $215.00 and set a “buy” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.57.

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.