American Capital Management Inc. Grows Stock Holdings in NICE Ltd. (NASDAQ:NICE)

American Capital Management Inc. increased its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 540,311 shares of the technology company's stock after buying an additional 7,303 shares during the quarter. NICE comprises about 3.1% of American Capital Management Inc.'s portfolio, making the stock its 9th biggest position. American Capital Management Inc. owned approximately 0.86% of NICE worth $93,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bruni J V & Co. Co. acquired a new position in shares of NICE during the third quarter valued at about $22,849,000. First Hawaiian Bank bought a new position in NICE in the 2nd quarter valued at about $516,000. Diversified Trust Co boosted its stake in NICE by 237.9% during the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company's stock valued at $1,114,000 after purchasing an additional 4,561 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock worth $8,200,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Buckingham Capital Management Inc. raised its stake in shares of NICE by 43.5% in the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock worth $3,337,000 after purchasing an additional 5,829 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Northland Securities dropped their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, November 15th. Wedbush reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Finally, DA Davidson dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.57.

NICE Stock Performance

NASDAQ NICE traded up $2.60 during trading on Friday, hitting $182.44. 150,830 shares of the company's stock traded hands, compared to its average volume of 697,378. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.43 and a beta of 1.04. The business has a 50 day moving average of $175.76 and a 200-day moving average of $174.84. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

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.