GLOBALT Investments LLC GA Purchases 154 Shares of NICE Ltd. (NASDAQ:NICE)

GLOBALT Investments LLC GA boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. bought a new position in shares of NICE during the first quarter valued at approximately $298,000. ProShare Advisors LLC purchased a new stake in NICE in the first quarter worth $313,000. Blair William & Co. IL increased its stake in NICE by 22.9% in the first quarter. Blair William & Co. IL now owns 5,873 shares of the technology company’s stock worth $1,531,000 after purchasing an additional 1,096 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of NICE by 38.2% during the first quarter. Orion Portfolio Solutions LLC now owns 6,329 shares of the technology company’s stock valued at $1,649,000 after purchasing an additional 1,750 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of NICE during the first quarter valued at $219,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Price Performance

Shares of NICE opened at $173.83 on Tuesday. The company has a 50 day moving average of $173.17 and a two-hundred day moving average of $177.40. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04.

Analyst Ratings Changes

NICE has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Northland Securities lowered their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday. Jefferies Financial Group dropped their price objective on NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday. Finally, Citigroup increased their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.