NICE Ltd. (NASDAQ:NICE) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in NICE Ltd. (NASDAQ:NICE) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 748 shares of the technology company’s stock after selling 6,915,558 shares during the period. Barclays PLC’s holdings in NICE were worth $130,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NICE. Vulcan Value Partners LLC increased its holdings in NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after purchasing an additional 279,375 shares in the last quarter. Marshall Wace LLP acquired a new stake in NICE in the 2nd quarter valued at $44,076,000. Black Creek Investment Management Inc. grew its stake 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 in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of NICE during the third quarter valued at about $24,547,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on NICE shares. DA Davidson lowered their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NICE presently has an average rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Stock Down 0.4 %

Shares of NASDAQ NICE opened at $165.72 on Thursday. The firm’s 50-day moving average price is $179.13 and its two-hundred day moving average price is $174.36. The stock has a market capitalization of $10.42 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.46 and a beta of 1.06. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

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.