MML Investors Services LLC Purchases 5,288 Shares of NICE Ltd. (NASDAQ:NICE)

MML Investors Services LLC increased its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 238.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,503 shares of the technology company's stock after acquiring an additional 5,288 shares during the period. MML Investors Services LLC's holdings in NICE were worth $1,303,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NICE. Aurora Investment Counsel raised its holdings in shares of NICE by 0.7% in the second 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 increased its position in shares of NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock worth $98,000 after purchasing an additional 86 shares during the last quarter. Mendota Financial Group LLC raised its stake in shares of NICE by 11.4% during the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock worth $146,000 after purchasing an additional 86 shares in the last quarter. Legacy Advisors LLC boosted its holdings in shares of NICE by 1.3% in the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock valued at $1,148,000 after buying an additional 88 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock worth $48,000 after buying an additional 91 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on NICE shares. Piper Sandler reissued a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Northland Securities lowered their price target on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, November 15th. DA Davidson cut their price objective on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reissued an "outperform" rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $259.50.

NICE Stock Performance

Shares of NICE stock traded down $6.19 during trading on Thursday, hitting $175.56. The company had a trading volume of 533,380 shares, compared to its average volume of 514,239. The firm has a market capitalization of $11.04 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The stock's 50-day moving average price is $180.70 and its 200 day moving average price is $174.10.

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.