Robocap Asset Management Ltd Boosts Stake in NICE Ltd. (NASDAQ:NICE)

Robocap Asset Management Ltd raised its stake in NICE Ltd. (NASDAQ:NICE) by 12.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,856 shares of the technology company’s stock after buying an additional 5,449 shares during the period. NICE comprises 5.6% of Robocap Asset Management Ltd’s holdings, making the stock its 5th largest position. Robocap Asset Management Ltd’s holdings in NICE were worth $8,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of NICE by 21.6% during 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 acquiring an additional 279,375 shares during the period. Perpetual Ltd bought a new stake in NICE in the 4th quarter valued at approximately $31,792,000. World Investment Advisors LLC acquired a new position in NICE during the 3rd quarter worth approximately $24,547,000. Bruni J V & Co. Co. bought a new position in shares of NICE during the 3rd quarter worth approximately $22,849,000. Finally, Swedbank AB boosted its holdings in NICE by 201.7% during the third quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock worth $24,470,000 after purchasing an additional 94,200 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NICE. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.93.

NICE Trading Down 2.5 %

NICE stock opened at $169.47 on Friday. The company has a market capitalization of $10.65 billion, a PE ratio of 26.23, a P/E/G ratio of 1.22 and a beta of 1.06. The stock has a 50-day moving average price of $173.27 and a two-hundred day moving average price of $173.42. NICE Ltd. has a 12 month low of $151.52 and a 12 month high of $270.73.

NICE 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.