NICE Ltd. (NASDAQ:NICE) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 21.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,575,645 shares of the technology company's stock after purchasing an additional 279,375 shares during the period. NICE makes up approximately 4.4% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 4th biggest holding. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.51% of NICE worth $273,642,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company's stock valued at $32,000 after buying an additional 107 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in NICE during the third quarter worth approximately $38,000. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of NICE in the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Performance

NICE stock traded up $4.68 during mid-day trading on Friday, reaching $189.99. The company's stock had a trading volume of 890,855 shares, compared to its average volume of 454,646. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The business has a 50 day moving average price of $170.69 and a 200-day moving average price of $179.37. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.42 and a beta of 1.04.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. Sell-side analysts predict that NICE Ltd. will post 8.5 EPS for the current fiscal year.

Analysts Set New Price Targets

NICE has been the subject of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Northland Securities decreased their target price on NICE from $305.00 to $275.00 and set an "outperform" rating for the company in a research report on Friday, August 16th. Wedbush reiterated an "outperform" rating and set a $250.00 target price on shares of NICE in a report on Friday, August 16th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Finally, Barclays lowered their price objective on shares of NICE from $320.00 to $286.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $269.64.

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.