Janney Montgomery Scott LLC Raises Position in NICE Ltd. (NASDAQ:NICE)

Janney Montgomery Scott LLC raised its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 171.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,816 shares of the technology company's stock after purchasing an additional 3,039 shares during the period. Janney Montgomery Scott LLC's holdings in NICE were worth $818,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NICE. Creative Financial Designs Inc. ADV lifted its stake 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 buying an additional 100 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of NICE during the 3rd quarter valued at $38,000. Wilmington Savings Fund Society FSB bought a new position in NICE during the third quarter worth $41,000. GAMMA Investing LLC grew its holdings in NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock worth $43,000 after purchasing an additional 116 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NICE shares. Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Citigroup increased their price target on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Northland Securities decreased their price objective on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, November 15th. Cantor Fitzgerald began coverage on NICE in a report on Friday, January 17th. They issued a "neutral" rating and a $176.00 target price on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NICE currently has an average rating of "Moderate Buy" and an average price target of $253.93.

NICE Stock Performance

NASDAQ:NICE traded up $4.37 on Monday, hitting $173.84. The stock had a trading volume of 424,542 shares, compared to its average volume of 476,098. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The firm's fifty day simple moving average is $173.06 and its two-hundred day simple moving average is $173.24. The stock has a market cap of $10.93 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06.

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.