Frank Rimerman Advisors LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,437 shares of the technology company’s stock, valued at approximately $591,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in NICE in the first quarter valued at $39,000. Allspring Global Investments Holdings LLC raised its holdings in NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the period. Lindbrook Capital LLC raised its holdings in shares of NICE by 46.3% during the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares during the period. GAMMA Investing LLC increased its position in shares of NICE by 72.1% during the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after acquiring an additional 88 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.
NICE Stock Performance
NICE stock opened at $166.94 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.31 and a beta of 1.04. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The stock has a 50-day simple moving average of $171.73 and a 200 day simple moving average of $195.64.
Wall Street Analyst Weigh In
NICE has been the subject of several recent research reports. Northland Securities lowered their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of NICE in a report on Friday, August 16th. Piper Sandler cut their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on NICE from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, NICE currently has an average rating of “Buy” and an average price target of $269.64.
Get Our Latest Stock Report on NICE
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.
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