Primecap Management Co. CA Grows Position in NICE Ltd. (NASDAQ:NICE)

Primecap Management Co. CA grew its position in shares of NICE Ltd. (NASDAQ:NICE) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. Primecap Management Co. CA’s holdings in NICE were worth $391,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC purchased a new stake in shares of NICE during the 1st quarter worth about $313,000. O Shaughnessy Asset Management LLC acquired a new position in NICE in the 1st quarter worth about $219,000. Capital World Investors purchased a new position in NICE during the first quarter worth approximately $9,699,000. Lazard Asset Management LLC grew its holdings in NICE by 30.0% in the first quarter. Lazard Asset Management LLC now owns 95,910 shares of the technology company’s stock valued at $24,996,000 after purchasing an additional 22,118 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its position in shares of NICE by 39.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 2,089 shares of the technology company’s stock valued at $544,000 after buying an additional 595 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Up 2.8 %

Shares of NASDAQ NICE opened at $176.16 on Friday. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The business’s 50 day moving average is $173.96 and its two-hundred day moving average is $176.65. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.39 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NICE shares. Northland Securities decreased their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research 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 on the stock in a report on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. Jefferies Financial Group reduced their price objective on NICE from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup raised their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

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.