NFJ Investment Group LLC Purchases 7,023 Shares of NICE Ltd. (NASDAQ:NICE)

NFJ Investment Group LLC grew its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,844 shares of the technology company's stock after buying an additional 7,023 shares during the period. NFJ Investment Group LLC owned 0.07% of NICE worth $7,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Cetera Advisors LLC bought a new position in NICE in the 1st quarter worth about $238,000. CWM LLC lifted its stake in NICE by 19.9% during the 2nd quarter. CWM LLC now owns 724 shares of the technology company's stock valued at $125,000 after acquiring an additional 120 shares during the period. Legal Advantage Investments Inc. lifted its stake in NICE by 195.0% during the 2nd quarter. Legal Advantage Investments Inc. now owns 2,950 shares of the technology company's stock valued at $507,000 after acquiring an additional 1,950 shares during the period. QRG Capital Management Inc. lifted its stake in NICE by 64.9% during the 2nd quarter. QRG Capital Management Inc. now owns 5,146 shares of the technology company's stock valued at $885,000 after acquiring an additional 2,026 shares during the period. Finally, SG Americas Securities LLC bought a new position in NICE during the 2nd quarter valued at about $538,000. Institutional investors own 63.34% of the company's stock.

NICE Stock Performance

NICE traded up $6.60 during trading on Wednesday, reaching $191.97. 337,833 shares of the company traded hands, compared to its average volume of 519,428. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The firm has a fifty day simple moving average of $176.40 and a 200 day simple moving average of $174.31. The company has a market cap of $12.07 billion, a P/E ratio of 28.70, a PEG ratio of 1.44 and a beta of 1.05.

Wall Street Analyst Weigh In

NICE has been the topic of several research analyst reports. DA Davidson lowered their target price on shares of NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. 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. Piper Sandler reaffirmed a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Finally, Northland Securities reduced their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.57.

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.