Barlow Wealth Partners Inc. Invests $15.45 Million in NICE Ltd. (NASDAQ:NICE)

Barlow Wealth Partners Inc. acquired a new stake in NICE Ltd. (NASDAQ:NICE) in the 4th quarter, Holdings Channel reports. The fund acquired 92,449 shares of the technology company’s stock, valued at approximately $15,452,000. NICE accounts for about 2.0% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 23rd largest holding.

A number of other institutional investors also recently bought and sold shares of NICE. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of NICE by 21.6% in 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. Vulcan Value Partners LLC raised its stake in NICE by 49.7% in 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. CCLA Investment Management raised its stake in NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after acquiring an additional 87,003 shares during the last quarter. American Capital Management Inc. lifted its position in NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after acquiring an additional 7,303 shares during the period. Finally, Parnassus Investments LLC grew its stake in NICE by 1.5% during the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after purchasing an additional 7,635 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Price Performance

Shares of NICE stock opened at $165.52 on Wednesday. The stock’s 50 day simple moving average is $176.37 and its 200-day simple moving average is $174.23. The stock has a market cap of $10.41 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.14 and a beta of 1.06. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NICE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. DA Davidson decreased their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Cantor Fitzgerald began coverage on shares of NICE in a research note on Friday, January 17th. They set a “neutral” rating and a $176.00 price objective on the stock. Finally, Northland Securities decreased their target price 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. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.93.

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.