TD Private Client Wealth LLC Increases Position in NICE Ltd. (NASDAQ:NICE)

TD Private Client Wealth LLC increased its stake in shares of NICE Ltd. (NASDAQ:NICE) by 21.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,161 shares of the technology company’s stock after acquiring an additional 384 shares during the period. TD Private Client Wealth LLC’s holdings in NICE were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vulcan Value Partners LLC raised its stake in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after purchasing an additional 394,715 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after acquiring an additional 279,375 shares during the period. Acadian Asset Management LLC raised its holdings in NICE by 63.2% during the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock worth $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new stake in NICE in the second quarter valued at about $44,076,000. Finally, Black Creek Investment Management Inc. boosted its holdings in NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NICE. Jefferies Financial Group cut their target price on NICE from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Northland Securities reduced their target price on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Finally, DA Davidson decreased their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Performance

NICE stock opened at $186.67 on Friday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.43 and a beta of 1.05. The stock has a fifty day moving average of $179.40 and a two-hundred day moving average of $174.11.

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.