NICE Ltd. (NASDAQ:NICE) Stake Raised by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,494 shares of the technology company’s stock after buying an additional 573 shares during the period. Inspire Investing LLC’s holdings in NICE were worth $933,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vulcan Value Partners LLC grew its stake in shares of NICE by 49.7% in the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in 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 purchasing an additional 279,375 shares during the period. Marshall Wace LLP bought a new position in NICE in the 2nd quarter valued at about $44,076,000. Perpetual Ltd acquired a new position in NICE during the 4th quarter valued at about $31,792,000. Finally, World Investment Advisors LLC bought a new stake in shares of NICE during the 3rd quarter worth about $24,547,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NICE has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities lowered their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Stock Performance

NASDAQ NICE opened at $161.04 on Friday. The firm’s 50 day moving average price is $175.26 and its two-hundred day moving average price is $174.08. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.16 and a beta of 1.06.

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.