BTC Capital Management Inc. Acquires 116 Shares of NICE Ltd. (NASDAQ:NICE)

BTC Capital Management Inc. lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,376 shares of the technology company’s stock after buying an additional 116 shares during the period. BTC Capital Management Inc.’s holdings in NICE were worth $743,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its position in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of NICE during the third quarter worth $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of NICE in the 3rd quarter valued at $41,000. GAMMA Investing LLC lifted its stake in shares of NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after acquiring an additional 91 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

Shares of NICE stock opened at $165.00 on Friday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The stock has a 50 day simple moving average of $174.67 and a two-hundred day simple moving average of $173.85. The company has a market cap of $10.37 billion, a P/E ratio of 25.54, a PEG ratio of 1.16 and a beta of 1.06.

Wall Street Analyst Weigh In

Several equities analysts have commented on NICE shares. Cantor Fitzgerald began coverage on NICE in a research report on Friday, January 17th. They issued a “neutral” rating and a $176.00 target price for the company. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, DA Davidson reduced 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. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus target price of $253.93.

About NICE

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.