Zacks Investment Management Buys 2,813 Shares of NICE Ltd. (NASDAQ:NICE)

Zacks Investment Management boosted its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 92.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,840 shares of the technology company's stock after buying an additional 2,813 shares during the quarter. Zacks Investment Management's holdings in NICE were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its stake in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company's stock worth $32,000 after purchasing an additional 107 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in NICE during the 3rd quarter worth about $38,000. GAMMA Investing LLC grew its position in shares of NICE by 89.9% in 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 last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of NICE in the second quarter valued at about $72,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Down 2.7 %

NICE stock traded down $4.98 during midday trading on Tuesday, reaching $181.46. 408,144 shares of the company's stock traded hands, compared to its average volume of 517,522. The firm's fifty day moving average price is $177.90 and its 200-day moving average price is $174.12. 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 $11.41 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.48 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler reaffirmed a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. JMP Securities reissued a "market outperform" rating and set a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Northland Securities cut their price target 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, Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $260.57.

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.