Richardson Financial Services Inc. Buys 67 Shares of NICE Ltd. (NASDAQ:NICE)

Richardson Financial Services Inc. raised its stake in NICE Ltd. (NASDAQ:NICE) by 43.8% in the fourth quarter, Holdings Channel reports. The firm owned 220 shares of the technology company’s stock after acquiring an additional 67 shares during the quarter. Richardson Financial Services Inc.’s holdings in NICE were worth $38,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NICE. Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of NICE in the 3rd quarter valued at about $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of NICE in the 3rd quarter valued at about $41,000. GAMMA Investing LLC increased its stake in shares of NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of NICE by 48.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NICE shares. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Northland Securities decreased their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Cantor Fitzgerald began coverage on shares of NICE in a research note on Friday, January 17th. They set a “neutral” rating and a $176.00 target price for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Price Performance

Shares of NICE opened at $166.14 on Monday. The firm has a 50 day simple moving average of $174.47 and a two-hundred day simple moving average of $173.66. The company has a market cap of $10.45 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.16 and a beta of 1.06. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73.

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.