Y Intercept Hong Kong Ltd Sells 5,498 Shares of NICE Ltd. (NASDAQ:NICE)

Y Intercept Hong Kong Ltd lowered its stake in shares of NICE Ltd. (NASDAQ:NICE) by 63.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,165 shares of the technology company’s stock after selling 5,498 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NICE were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of NICE by 21.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after buying an additional 279,375 shares in the last quarter. Black Creek Investment Management Inc. increased its position in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after acquiring an additional 250,334 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in 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 acquiring an additional 394,715 shares during the period. Massachusetts Financial Services Co. MA boosted its position in NICE by 12.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after purchasing an additional 117,749 shares during the last quarter. Finally, RGM Capital LLC grew its stake in NICE by 12.5% in the 2nd quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock valued at $180,759,000 after purchasing an additional 116,629 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Citigroup increased their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Jefferies Financial Group lowered their price target on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Performance

Shares of NICE opened at $186.67 on Monday. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The stock’s 50-day simple moving average is $179.40 and its 200 day simple moving average is $173.99. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

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.