Victory Capital Management Inc. Reduces Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Victory Capital Management Inc. lessened its stake in shares of NICE Ltd. (NASDAQ:NICE) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,484 shares of the technology company’s stock after selling 2,852 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of NICE worth $10,331,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NICE. Creative Financial Designs Inc. ADV lifted its position in NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new position in NICE during the 3rd quarter worth approximately $38,000. GAMMA Investing LLC increased its position in NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after buying an additional 116 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in NICE in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Down 1.0 %

Shares of NICE opened at $170.97 on Thursday. The company has a market capitalization of $10.75 billion, a PE ratio of 26.47, a P/E/G ratio of 1.39 and a beta of 1.04. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a 50-day simple moving average of $173.59 and a 200-day simple moving average of $177.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Barclays decreased their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Citigroup boosted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Two 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 has an average rating of “Moderate Buy” and an average price target of $260.57.

NICE 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.