131,568 Shares in NICE Ltd. (NASDAQ:NICE) Acquired by Bruni J V & Co. Co.

Bruni J V & Co. Co. acquired a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131,568 shares of the technology company's stock, valued at approximately $22,849,000. NICE comprises 2.5% of Bruni J V & Co. Co.'s portfolio, making the stock its 20th largest holding. Bruni J V & Co. Co. owned 0.21% of NICE at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NICE. Creative Financial Designs Inc. ADV raised its holdings in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company's stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in NICE in the third quarter valued at approximately $38,000. GAMMA Investing LLC lifted its stake in shares of NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock valued at $43,000 after buying an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in NICE in the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analyst Weigh In

NICE has been the subject of several research reports. Piper Sandler reiterated a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Citigroup raised their price objective on NICE from $330.00 to $334.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. JMP Securities reissued a "market outperform" rating and issued a $300.00 target price on shares of NICE in a report on Friday, August 16th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $260.00 price target on shares of NICE in a report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $260.57.

NICE Stock Performance

NICE stock traded down $1.16 during trading on Tuesday, reaching $172.67. 464,985 shares of the company's stock were exchanged, compared to its average volume of 524,924. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.39 and a beta of 1.04. The company's 50-day moving average is $173.41 and its two-hundred day moving average is $177.05.

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.