Janus Henderson Group PLC Reduces Stock Position in NICE Ltd. (NASDAQ:NICE)

Janus Henderson Group PLC reduced its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 42.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 644,447 shares of the technology company's stock after selling 479,448 shares during the quarter. Janus Henderson Group PLC owned approximately 1.03% of NICE worth $111,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NICE. Cetera Advisors LLC bought a new stake in NICE during the 1st quarter valued at $238,000. CWM LLC raised its holdings in NICE by 19.9% in the 2nd quarter. CWM LLC now owns 724 shares of the technology company's stock worth $125,000 after purchasing an additional 120 shares in the last quarter. QRG Capital Management Inc. raised its holdings in NICE by 64.9% in the 2nd quarter. QRG Capital Management Inc. now owns 5,146 shares of the technology company's stock worth $885,000 after purchasing an additional 2,026 shares in the last quarter. SG Americas Securities LLC bought a new position in NICE in the 2nd quarter worth $538,000. Finally, Buckingham Capital Management Inc. raised its holdings in NICE by 141.2% in the 2nd quarter. Buckingham Capital Management Inc. now owns 13,385 shares of the technology company's stock worth $2,302,000 after purchasing an additional 7,835 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Down 0.9 %

Shares of NASDAQ NICE traded down $1.74 during trading on Thursday, reaching $190.65. 416,707 shares of the company traded hands, compared to its average volume of 519,617. The firm has a 50 day simple moving average of $176.85 and a 200-day simple moving average of $174.44. The stock has a market capitalization of $11.99 billion, a PE ratio of 29.78, a P/E/G ratio of 1.45 and a beta of 1.05. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

Wall Street Analyst Weigh In

NICE has been the subject of several research reports. JMP Securities restated a "market outperform" rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Citigroup increased their price target on shares of NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of NICE in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.57.

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.