Level Wealth Management LLC Invests $487,000 in NICE Ltd. (NASDAQ:NICE)

Level Wealth Management LLC purchased a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,867 shares of the technology company's stock, valued at approximately $487,000. NICE accounts for 0.3% of Level Wealth Management LLC's investment portfolio, making the stock its 28th biggest holding.

Several other large investors also recently made changes to their positions in the company. Bruni J V & Co. Co. acquired a new position in shares of NICE during the third quarter valued at approximately $22,849,000. Asset Management One Co. Ltd. increased its stake in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock valued at $8,200,000 after acquiring an additional 5,629 shares during the period. Kopion Asset Management LLC acquired a new position in shares of NICE during the fourth quarter valued at approximately $7,433,000. Parnassus Investments LLC increased its stake in shares of NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock valued at $89,794,000 after acquiring an additional 7,635 shares during the period. Finally, Buckingham Capital Management Inc. increased its stake in shares of NICE by 43.5% during the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock valued at $3,337,000 after acquiring an additional 5,829 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Up 1.9 %

Shares of NICE stock traded up $3.26 on Wednesday, hitting $172.70. 344,629 shares of the company traded hands, compared to its average volume of 472,143. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a 50-day moving average price of $173.79 and a 200 day moving average price of $173.50. The company has a market cap of $10.86 billion, a PE ratio of 26.79, a PEG ratio of 1.16 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NICE shares. Citigroup raised 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. Royal Bank of Canada restated an "outperform" rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. Piper Sandler restated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, DA Davidson decreased their price objective on shares of NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $253.93.

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.