abrdn plc Lowers Position in NICE Ltd. (NASDAQ:NICE)

abrdn plc reduced its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,523 shares of the technology company's stock after selling 10,367 shares during the quarter. abrdn plc owned 0.29% of NICE worth $30,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Planning boosted its position in NICE by 9.9% during the 2nd quarter. Creative Planning now owns 7,391 shares of the technology company's stock valued at $1,271,000 after buying an additional 666 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of NICE by 21.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,708 shares of the technology company's stock worth $294,000 after purchasing an additional 300 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in NICE during the 2nd quarter valued at about $595,000. SG Americas Securities LLC increased its holdings in shares of NICE by 67.5% in the 3rd quarter. SG Americas Securities LLC now owns 5,237 shares of the technology company's stock worth $910,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in NICE by 40.9% in the 3rd quarter. Park Avenue Securities LLC now owns 7,295 shares of the technology company's stock worth $1,267,000 after buying an additional 2,118 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Price Performance

NASDAQ:NICE traded down $4.40 during trading hours on Friday, hitting $169.47. 362,952 shares of the company were exchanged, compared to its average volume of 504,483. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The company's 50 day moving average price is $173.27 and its 200-day moving average price is $173.35. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.22 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NICE shares. Piper Sandler restated a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. DA Davidson cut their price target on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a report on Friday, November 15th. StockNews.com upgraded shares of NICE from a "buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Finally, Citigroup upped their price target on shares of NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $253.93.

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.