NICE Ltd. (NASDAQ:NICE) Stock Position Lifted by Inspire Investing LLC

Inspire Investing LLC boosted its stake in NICE Ltd. (NASDAQ:NICEFree Report) by 11.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,494 shares of the technology company’s stock after acquiring an additional 573 shares during the quarter. Inspire Investing LLC’s holdings in NICE were worth $933,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of NICE by 171.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,816 shares of the technology company’s stock worth $818,000 after acquiring an additional 3,039 shares in the last quarter. Davis Capital Management increased its position in NICE by 2.2% in the 4th quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock worth $844,000 after purchasing an additional 108 shares during the last quarter. Barlow Wealth Partners Inc. purchased a new stake in shares of NICE during the 4th quarter worth about $15,452,000. Perpetual Ltd acquired a new stake in shares of NICE during the 4th quarter valued at about $31,792,000. Finally, Crossmark Global Holdings Inc. grew its stake in shares of NICE by 9.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,670 shares of the technology company’s stock valued at $1,133,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Trading Down 2.4 %

NICE opened at $161.04 on Friday. The business has a 50 day moving average of $175.26 and a 200-day moving average of $174.08. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 1.06. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NICE. Cantor Fitzgerald initiated coverage on shares of NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price objective on the stock. Citigroup raised their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com upgraded NICE from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.93.

View Our Latest Stock Analysis on NICE

NICE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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