Massachusetts Financial Services Co. MA Lowers Stock Position in NICE Ltd. (NASDAQ:NICE)

Massachusetts Financial Services Co. MA lessened its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,041,441 shares of the technology company's stock after selling 15,096 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.66% of NICE worth $180,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its holdings in shares of NICE by 12.5% during the 3rd quarter. Primecap Management Co. CA now owns 2,250 shares of the technology company's stock worth $391,000 after buying an additional 250 shares during the last quarter. Aurora Investment Counsel grew its position in NICE by 7.0% in the third quarter. Aurora Investment Counsel now owns 11,674 shares of the technology company's stock worth $2,027,000 after acquiring an additional 768 shares during the period. Parnassus Investments LLC increased its stake in NICE by 1.5% during the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock worth $89,794,000 after acquiring an additional 7,635 shares during the last quarter. Bruni J V & Co. Co. acquired a new position in shares of NICE in the 3rd quarter valued at $22,849,000. Finally, Pathstone Holdings LLC grew its holdings in shares of NICE by 33.6% during the 3rd quarter. Pathstone Holdings LLC now owns 8,992 shares of the technology company's stock worth $1,562,000 after purchasing an additional 2,260 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NICE. Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, November 15th. JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Finally, Citigroup increased their target price on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $260.57.

NICE Trading Up 2.8 %

Shares of NICE stock opened at $176.16 on Friday. The company has a fifty day simple moving average of $173.96 and a 200-day simple moving average of $176.65. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.38 and a beta of 1.04. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

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.