Charles Schwab Investment Management Inc. Grows Position in NICE Ltd. (NASDAQ:NICE)

Charles Schwab Investment Management Inc. boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 34.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,023 shares of the technology company’s stock after purchasing an additional 1,034 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NICE were worth $699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 107 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in NICE in the third quarter worth $38,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of NICE during the second quarter valued at $72,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NICE. Jefferies Financial Group reduced their target price on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Citigroup upped their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 11th. 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 research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Down 4.3 %

NICE opened at $181.75 on Thursday. The company has a market cap of $11.43 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The firm’s 50-day moving average price is $180.50 and its 200-day moving average price is $174.09. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

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.