UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in NICE Ltd. (NASDAQ:NICE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,929 shares of the technology company’s stock after buying an additional 4,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NICE were worth $49,831,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new position in NICE during the 1st quarter valued at about $238,000. CWM LLC raised its stake in NICE by 19.9% in the second quarter. CWM LLC now owns 724 shares of the technology company’s stock worth $125,000 after buying an additional 120 shares in the last quarter. Legal Advantage Investments Inc. raised its stake in NICE by 195.0% in the second quarter. Legal Advantage Investments Inc. now owns 2,950 shares of the technology company’s stock worth $507,000 after buying an additional 1,950 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in NICE by 64.9% during the second quarter. QRG Capital Management Inc. now owns 5,146 shares of the technology company’s stock worth $885,000 after buying an additional 2,026 shares during the period. Finally, SG Americas Securities LLC bought a new stake in NICE during the 2nd quarter valued at $538,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE stock opened at $185.37 on Wednesday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm has a market capitalization of $11.65 billion, a PE ratio of 28.70, a P/E/G ratio of 1.44 and a beta of 1.05. The stock’s 50-day simple moving average is $176.11 and its 200-day simple moving average is $174.37.

Analyst Ratings Changes

A number of brokerages recently weighed in on NICE. Citigroup upped their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Northland Securities lowered their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Finally, DA Davidson reduced 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. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

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.