Migdal Insurance & Financial Holdings Ltd. Has $267.20 Million Position in NICE Ltd. (NASDAQ:NICE)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,270 shares of the technology company's stock after selling 2,375 shares during the quarter. NICE comprises 3.8% of Migdal Insurance & Financial Holdings Ltd.'s investment portfolio, making the stock its 6th biggest holding. Migdal Insurance & Financial Holdings Ltd. owned about 2.50% of NICE worth $267,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Bruni J V & Co. Co. bought a new position in shares of NICE in the third quarter valued at $22,849,000. Asset Management One Co. Ltd. lifted its position in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock valued at $8,200,000 after acquiring an additional 5,629 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock valued at $731,000 after purchasing an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new stake in NICE during the 4th quarter worth approximately $7,433,000. Finally, Parnassus Investments LLC raised its stake in shares of NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock worth $89,794,000 after purchasing an additional 7,635 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Citigroup upped their target price on shares of NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Northland Securities dropped 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. StockNews.com upgraded shares of NICE from a "buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NICE presently has an average rating of "Moderate Buy" and a consensus price target of $253.93.

NICE Price Performance

Shares of NICE traded up $5.37 during mid-day trading on Monday, hitting $174.84. The stock had a trading volume of 324,239 shares, compared to its average volume of 472,030. The firm has a market cap of $10.99 billion, a P/E ratio of 27.05, a PEG ratio of 1.22 and a beta of 1.06. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The business has a fifty day moving average price of $173.27 and a 200-day moving average price of $173.29.

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.