NICE Ltd. (NASDAQ:NICE) Shares Sold by Capital International Ltd. CA

Capital International Ltd. CA lessened its stake in shares of NICE Ltd. (NASDAQ:NICE) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,395 shares of the technology company’s stock after selling 123 shares during the period. Capital International Ltd. CA’s holdings in NICE were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NICE. Oppenheimer & Co. Inc. raised its holdings in NICE by 15.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,814 shares of the technology company’s stock valued at $308,000 after acquiring an additional 246 shares during the last quarter. Moors & Cabot Inc. raised its holdings in NICE by 5.6% in the 3rd quarter. Moors & Cabot Inc. now owns 1,932 shares of the technology company’s stock valued at $328,000 after acquiring an additional 103 shares during the last quarter. Van ECK Associates Corp raised its holdings in NICE by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 17,610 shares of the technology company’s stock valued at $2,994,000 after acquiring an additional 1,120 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in NICE by 13.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,025 shares of the technology company’s stock valued at $344,000 after acquiring an additional 234 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in NICE by 1.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company’s stock valued at $244,150,000 after acquiring an additional 16,513 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Down 6.2 %

NICE stock traded down $10.68 during midday trading on Wednesday, hitting $160.22. The company’s stock had a trading volume of 2,507,589 shares, compared to its average volume of 456,585. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The firm has a market capitalization of $10.07 billion, a P/E ratio of 28.79, a PEG ratio of 1.45 and a beta of 1.03. The firm has a 50-day simple moving average of $221.56 and a 200-day simple moving average of $218.10.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America cut their price objective on shares of NICE from $300.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 17th. Mizuho dropped their price target on shares of NICE from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Jefferies Financial Group dropped their price target on shares of NICE from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Oppenheimer increased their price target on shares of NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Barclays increased their price target on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $285.92.

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.