NICE Ltd. (NASDAQ:NICE) Stock Position Raised by Robocap Asset Management Ltd

Robocap Asset Management Ltd boosted its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,856 shares of the technology company's stock after purchasing an additional 5,449 shares during the period. NICE comprises about 5.6% of Robocap Asset Management Ltd's investment portfolio, making the stock its 5th biggest position. Robocap Asset Management Ltd owned approximately 0.08% of NICE worth $8,298,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NICE. Creative Financial Designs Inc. ADV grew its holdings in shares of NICE by 208.3% in the third 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. ORG Wealth Partners LLC bought a new position in NICE during the third quarter valued at $38,000. Richardson Financial Services Inc. grew its stake in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after buying an additional 67 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NICE during the third quarter worth approximately $41,000. Finally, GAMMA Investing LLC raised its holdings in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock valued at $43,000 after buying an additional 116 shares during the period. Institutional investors own 63.34% of the company's stock.

NICE Stock Down 0.2 %

Shares of NASDAQ NICE traded down $0.32 during midday trading on Wednesday, hitting $171.90. The stock had a trading volume of 350,276 shares, compared to its average volume of 463,256. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a fifty day moving average price of $172.39 and a 200 day moving average price of $173.17. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.22 and a beta of 1.06.

Wall Street Analysts Forecast Growth

NICE has been the subject of several research analyst reports. DA Davidson decreased their target price on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Citigroup increased their price target on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities dropped their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, November 15th. Finally, Piper Sandler reiterated a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus target price of $253.93.

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.