Hennion & Walsh Asset Management Inc. boosted its stake in shares of NICE Ltd. (NASDAQ:NICE – Free Report) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 5,858 shares of the technology company’s stock after acquiring an additional 240 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NICE were worth $1,017,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NICE. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of NICE in the 3rd quarter worth about $38,000. Richardson Financial Services Inc. purchased a new stake in shares of NICE during the 1st quarter worth about $39,000. GAMMA Investing LLC increased its position in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in NICE in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.
NICE Stock Down 2.0 %
NICE stock opened at $174.33 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $170.82 and a 200-day simple moving average of $182.74. The company has a market capitalization of $10.96 billion, a P/E ratio of 31.47, a PEG ratio of 1.44 and a beta of 1.05. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73.
Wall Street Analyst Weigh In
Several research firms have issued reports on NICE. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Piper Sandler cut their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Barclays decreased their target price on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Northland Securities dropped their target price on NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $269.64.
Read Our Latest Stock Analysis on NICE
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.
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