GAMMA Investing LLC Buys 166 Shares of NICE Ltd. (NASDAQ:NICE)

GAMMA Investing LLC grew its stake in NICE Ltd. (NASDAQ:NICE) by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 411 shares of the technology company’s stock after purchasing an additional 166 shares during the period. GAMMA Investing LLC’s holdings in NICE were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of NICE by 21.6% during the third 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 during the last quarter. Black Creek Investment Management Inc. boosted its holdings in shares of NICE by 22.6% during the 2nd 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. Vulcan Value Partners LLC grew its position in NICE by 49.7% during the 2nd 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 last quarter. Massachusetts Financial Services Co. MA increased its holdings in NICE by 12.5% in the 2nd 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 in the last quarter. Finally, RGM Capital LLC raised its position in NICE by 12.5% in the second 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 last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Performance

Shares of NICE stock opened at $161.66 on Friday. The company has a market capitalization of $10.16 billion, a P/E ratio of 25.02, a PEG ratio of 1.46 and a beta of 1.06. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The stock has a 50 day moving average price of $178.77 and a two-hundred day moving average price of $174.38.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NICE. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Northland Securities dropped their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.50.

About NICE

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.