Buckingham Capital Management Inc. Purchases 2,785 Shares of NICE Ltd. (NASDAQ:NICE)

Buckingham Capital Management Inc. boosted its position in NICE Ltd. (NASDAQ:NICE) by 14.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,999 shares of the technology company’s stock after buying an additional 2,785 shares during the quarter. Buckingham Capital Management Inc.’s holdings in NICE were worth $3,736,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after buying an additional 279,375 shares during the period. CCLA Investment Management lifted its stake in NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after buying an additional 87,003 shares during the period. American Capital Management Inc. lifted its stake in NICE by 1.4% in the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock valued at $93,836,000 after buying an additional 7,303 shares during the period. Parnassus Investments LLC lifted its stake in NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after buying an additional 7,635 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NICE by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company’s stock valued at $49,831,000 after buying an additional 4,411 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ:NICE opened at $176.49 on Tuesday. The company has a market cap of $11.10 billion, a PE ratio of 27.32, a PEG ratio of 1.22 and a beta of 1.06. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The stock has a 50-day simple moving average of $171.67 and a 200 day simple moving average of $173.07.

Analysts Set New Price Targets

NICE has been the topic of several analyst reports. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, NICE has an average rating of “Moderate Buy” and an average price target of $253.93.

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.