Atria Investments Inc Takes $215,000 Position in NICE Ltd. (NASDAQ:NICE)

Atria Investments Inc bought a new position in shares of NICE Ltd. (NASDAQ:NICE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,236 shares of the technology company’s stock, valued at approximately $215,000.

Other institutional investors have also added to or reduced their stakes in the company. Seascape Capital Management grew its holdings in shares of NICE by 5.6% during the 3rd quarter. Seascape Capital Management now owns 13,063 shares of the technology company’s stock worth $2,269,000 after purchasing an additional 696 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of NICE by 20.2% in the third quarter. ARK Investment Management LLC now owns 11,308 shares of the technology company’s stock valued at $1,964,000 after purchasing an additional 1,899 shares in the last quarter. Hara Capital LLC bought a new position in NICE in the third quarter worth $127,000. Leslie Global Wealth LLC bought a new stake in NICE in the 3rd quarter valued at $365,000. Finally, Asset Management One Co. Ltd. increased its holdings in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after buying an additional 5,629 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NICE. Jefferies Financial Group lowered their target price on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. 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 note on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Finally, Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Performance

NASDAQ:NICE opened at $176.16 on Friday. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.38 and a beta of 1.04. The stock’s fifty day moving average price is $173.96 and its two-hundred day moving average price is $176.32. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

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.