NICE Ltd. (NASDAQ:NICE) Shares Acquired by Oak Family Advisors LLC

Oak Family Advisors LLC grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,672 shares of the technology company’s stock after purchasing an additional 207 shares during the quarter. NICE makes up 2.3% of Oak Family Advisors LLC’s portfolio, making the stock its 12th largest holding. Oak Family Advisors LLC’s holdings in NICE were worth $6,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 valued at $273,642,000 after purchasing an additional 279,375 shares in the last quarter. Perpetual Ltd acquired a new position in shares of NICE in the fourth quarter worth $31,792,000. World Investment Advisors LLC acquired a new position in NICE during the third quarter worth $24,547,000. Bruni J V & Co. Co. acquired a new stake in shares of NICE in the third quarter valued at about $22,849,000. Finally, Swedbank AB lifted its stake in shares of NICE by 201.7% in the third quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock valued at $24,470,000 after buying an additional 94,200 shares during the period. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NICE. Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. DA Davidson cut their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.93.

NICE Price Performance

Shares of NASDAQ:NICE opened at $166.14 on Monday. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a market capitalization of $10.45 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.16 and a beta of 1.06. The firm’s 50 day simple moving average is $174.47 and its two-hundred day simple moving average is $173.66.

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.