NICE Ltd. (NASDAQ:NICE) Shares Bought by CCLA Investment Management

CCLA Investment Management lifted its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 704,494 shares of the technology company's stock after purchasing an additional 87,003 shares during the quarter. NICE comprises about 1.9% of CCLA Investment Management's investment portfolio, making the stock its 26th largest position. CCLA Investment Management owned approximately 1.12% of NICE worth $119,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NICE. Rhumbline Advisers boosted its position in shares of NICE by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company's stock worth $577,000 after buying an additional 269 shares in the last quarter. Choreo LLC purchased a new stake in shares of NICE in the 2nd quarter worth about $211,000. American Century Companies Inc. boosted its position in shares of NICE by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 4,569 shares of the technology company's stock worth $786,000 after buying an additional 289 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company's stock worth $3,209,000 after buying an additional 2,124 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in NICE by 12.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company's stock valued at $181,693,000 after purchasing an additional 117,749 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NICE has been the topic of a number of recent research reports. Northland Securities reduced their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Piper Sandler restated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and issued a $260.00 target price on shares of NICE in a report on Friday, November 15th. Citigroup upped their target price on shares of NICE from $330.00 to $334.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $259.50.

NICE Stock Performance

NICE traded down $2.20 on Wednesday, reaching $167.14. 412,078 shares of the company's stock were exchanged, compared to its average volume of 338,898. The company's 50 day moving average is $178.65 and its 200-day moving average is $174.43. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.46 and a beta of 1.06. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

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.