NICE Ltd. (NASDAQ:NICE) Stock Holdings Trimmed by RGM Capital LLC

RGM Capital LLC cut its holdings in NICE Ltd. (NASDAQ:NICE) by 20.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 833,259 shares of the technology company’s stock after selling 217,846 shares during the quarter. NICE comprises 6.3% of RGM Capital LLC’s holdings, making the stock its 5th largest position. RGM Capital LLC’s holdings in NICE were worth $144,712,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NICE. Vulcan Value Partners LLC increased its holdings in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after acquiring an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in NICE by 21.6% during the 3rd 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 last quarter. Acadian Asset Management LLC increased its stake in NICE by 63.2% during the 2nd quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock valued at $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of NICE in the second quarter worth $44,076,000. Finally, Black Creek Investment Management Inc. lifted its stake in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

NICE has been the subject of several research analyst reports. DA Davidson reduced their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. 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 report on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Wedbush restated an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. Finally, Jefferies Financial Group lowered their price target on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.57.

NICE Stock Up 0.2 %

Shares of NICE stock traded up $0.30 on Wednesday, hitting $182.81. 697 shares of the company were exchanged, compared to its average volume of 522,341. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company has a 50-day moving average price of $174.40 and a 200 day moving average price of $175.72.

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.