Bright Futures Wealth Management LLC. Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Bright Futures Wealth Management LLC. acquired a new position in shares of 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 acquired 6,867 shares of the technology company's stock, valued at approximately $1,140,000.

Several other hedge funds have also made changes to their positions in NICE. Avion Wealth purchased a new position in NICE in the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV raised its position in NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after purchasing an additional 100 shares during the period. Richardson Financial Services Inc. increased its position in shares of NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NICE during the third quarter worth about $41,000. Finally, GAMMA Investing LLC increased its position in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Down 0.0 %

NICE traded down $0.03 during trading on Tuesday, hitting $176.46. The company had a trading volume of 599,839 shares, compared to its average volume of 462,950. The firm's 50-day moving average price is $171.57 and its 200 day moving average price is $173.11. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The company has a market capitalization of $11.09 billion, a PE ratio of 27.32, a PEG ratio of 1.22 and a beta of 1.06.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Northland Securities dropped 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. Citigroup decreased their price target on NICE from $315.00 to $279.00 and set a "buy" rating for the company in a research note on Tuesday. DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Jefferies Financial Group reiterated a "hold" rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.27.

About NICE

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.