NICE Ltd. (NASDAQ:NICE) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lessened its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,164 shares of the technology company's stock after selling 1,727 shares during the period. Hamilton Point Investment Advisors LLC's holdings in NICE were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in shares of NICE by 49.5% during the 2nd quarter. ProShare Advisors LLC now owns 1,796 shares of the technology company's stock valued at $309,000 after purchasing an additional 595 shares during the last quarter. Creative Planning raised its stake in NICE by 9.9% in the second quarter. Creative Planning now owns 7,391 shares of the technology company's stock valued at $1,271,000 after buying an additional 666 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in NICE by 21.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,708 shares of the technology company's stock worth $294,000 after acquiring an additional 300 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of NICE during the second quarter worth about $595,000. Finally, Davis Capital Management increased its holdings in shares of NICE by 7.1% during the third quarter. Davis Capital Management now owns 4,860 shares of the technology company's stock valued at $844,000 after acquiring an additional 324 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

Shares of NICE traded up $6.54 during trading hours on Tuesday, hitting $169.35. The stock had a trading volume of 392,403 shares, compared to its average volume of 473,140. The firm has a 50-day moving average price of $174.05 and a 200 day moving average price of $173.56. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.16 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of NICE in a research report on Friday, January 17th. They set a "neutral" rating and a $176.00 target price on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Citigroup upped their target price on NICE from $330.00 to $334.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Piper Sandler reaffirmed a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $253.93.

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.