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

Eagle Asset Management Inc. increased its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 35.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,620 shares of the technology company’s stock after acquiring an additional 15,347 shares during the quarter. Eagle Asset Management Inc. owned about 0.09% of NICE worth $11,137,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vulcan Value Partners LLC raised its holdings in shares of NICE by 49.7% during 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 period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of 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 buying an additional 279,375 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of 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 buying an additional 268,677 shares during the period. Marshall Wace LLP acquired a new position in NICE in the second quarter valued at approximately $44,076,000. Finally, Black Creek Investment Management Inc. grew its position in 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 acquiring an additional 250,334 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE opened at $176.16 on Friday. The stock has a 50-day simple moving average of $173.96 and a 200-day simple moving average of $176.32. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The stock has a market capitalization of $11.08 billion, a PE ratio of 27.27, a PEG ratio of 1.38 and a beta of 1.04.

Analysts Set New Price Targets

Several brokerages have recently commented on NICE. Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group decreased 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. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of NICE in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.