Swedbank AB Increases Stock Position in NICE Ltd. (NASDAQ:NICE)

Swedbank AB raised its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 201.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,900 shares of the technology company's stock after buying an additional 94,200 shares during the period. Swedbank AB owned about 0.22% of NICE worth $24,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of NICE by 4.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company's stock worth $367,000 after purchasing an additional 65 shares during the last quarter. Aurora Investment Counsel lifted its holdings in NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company's stock worth $1,876,000 after buying an additional 80 shares during the period. Financial Perspectives Inc grew its position in shares of NICE by 17.8% in the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock worth $98,000 after buying an additional 86 shares during the last quarter. Mendota Financial Group LLC increased its stake in shares of NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock valued at $146,000 after buying an additional 86 shares during the period. Finally, Legacy Advisors LLC raised its holdings in shares of NICE by 1.3% during the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock valued at $1,148,000 after acquiring an additional 88 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on NICE shares. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Northland Securities decreased their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, November 15th. JMP Securities restated a "market outperform" rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. Finally, Wedbush restated an "outperform" rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, NICE currently has a consensus rating of "Moderate Buy" and an average price target of $260.57.

NICE Stock Down 0.6 %

Shares of NASDAQ NICE traded down $1.19 during midday trading on Tuesday, hitting $182.51. The stock had a trading volume of 422,622 shares, compared to its average volume of 524,591. The business's 50 day moving average is $174.40 and its 200-day moving average is $175.72. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The company has a market cap of $11.47 billion, a P/E ratio of 28.39, a PEG 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.