Natixis Advisors LLC Buys New Position in NICE Ltd. (NASDAQ:NICE)

Natixis Advisors LLC bought a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,395 shares of the technology company's stock, valued at approximately $1,805,000.

Other institutional investors have also modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of NICE in the 2nd quarter valued at $516,000. Diversified Trust Co increased its stake in NICE by 237.9% in the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company's stock valued at $1,114,000 after buying an additional 4,561 shares during the period. Asset Management One Co. Ltd. increased its stake in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock valued at $8,200,000 after buying an additional 5,629 shares during the period. Buckingham Capital Management Inc. increased its stake in NICE by 43.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock valued at $3,337,000 after buying an additional 5,829 shares during the period. Finally, Osborne Partners Capital Management LLC increased its stake in NICE by 6.4% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company's stock valued at $11,778,000 after buying an additional 4,080 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on NICE. Piper Sandler reissued a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Wedbush reissued an "outperform" rating and issued a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Jefferies Financial Group decreased their target price on shares of NICE from $230.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Oppenheimer lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, NICE has an average rating of "Moderate Buy" and a consensus price target of $260.57.

NICE Stock Down 0.6 %

Shares of NICE stock traded down $1.19 on Tuesday, hitting $182.51. The company's stock had a trading volume of 422,622 shares, compared to its average volume of 524,618. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The firm has a fifty day moving average price of $174.40 and a 200-day moving average price of $175.72. The company has a market capitalization of $11.47 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.

NICE 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.