NICE Ltd. (NASDAQ:NICE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,479 shares of the technology company's stock after selling 2,895 shares during the quarter. HighTower Advisors LLC owned about 0.06% of NICE worth $6,419,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Aurora Investment Counsel raised its stake in NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company's stock valued at $1,876,000 after purchasing an additional 80 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock worth $98,000 after buying an additional 86 shares in the last quarter. Mendota Financial Group LLC boosted its position in NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock worth $146,000 after acquiring an additional 86 shares during the last quarter. Legacy Advisors LLC boosted its position in NICE by 1.3% during the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock worth $1,148,000 after acquiring an additional 88 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after acquiring an additional 91 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NICE has been the topic of a number of research reports. Wedbush reissued an "outperform" rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. JMP Securities reiterated a "market outperform" rating and set a $300.00 price objective on shares of NICE in a research report on Friday, August 16th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Northland Securities reduced their price target on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Finally, Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, NICE currently has an average rating of "Moderate Buy" and a consensus price target of $260.57.

NICE Price Performance

Shares of NASDAQ:NICE traded down $4.98 during mid-day trading on Tuesday, reaching $181.46. 408,144 shares of the company were exchanged, compared to its average volume of 517,522. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The firm's 50-day simple moving average is $178.24 and its 200 day simple moving average is $174.06. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.48 and a beta of 1.05.

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.