Asset Management One Co. Ltd. Has $7.91 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

Asset Management One Co. Ltd. cut its holdings in NICE Ltd. (NASDAQ:NICE) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,599 shares of the technology company’s stock after selling 1,615 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of NICE worth $7,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Avion Wealth bought a new position in shares of NICE in the fourth quarter worth $25,000. Richardson Financial Services Inc. boosted its holdings in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of NICE in the third quarter worth $41,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after buying an additional 91 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Down 1.0 %

Shares of NICE opened at $176.49 on Tuesday. The company has a 50 day moving average of $171.67 and a two-hundred day moving average of $173.07. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Northland Securities lowered their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday. DA Davidson lowered their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Cantor Fitzgerald initiated coverage on NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target on the stock. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.93.

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.