NICE Ltd. (NASDAQ:NICE) Shares Acquired by Parnassus Investments LLC

Parnassus Investments LLC boosted its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,039 shares of the technology company's stock after purchasing an additional 7,635 shares during the period. Parnassus Investments LLC owned approximately 0.82% of NICE worth $89,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vulcan Value Partners LLC raised its holdings in NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company's stock valued at $204,168,000 after buying an additional 394,715 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company's stock worth $273,642,000 after acquiring an additional 279,375 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of NICE by 63.2% during the 2nd quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company's stock worth $119,317,000 after purchasing an additional 268,677 shares during the period. Marshall Wace LLP acquired a new stake in NICE in the 2nd quarter valued at approximately $44,076,000. Finally, Black Creek Investment Management Inc. raised its position in NICE by 22.6% in the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company's stock valued at $233,325,000 after purchasing an additional 250,334 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

NICE stock traded down $1.16 during midday trading on Tuesday, reaching $172.67. 464,985 shares of the company were exchanged, compared to its average volume of 524,924. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The stock's 50-day simple moving average is $173.17 and its 200 day simple moving average is $177.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup raised their price target on NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday. Jefferies Financial Group lowered their price objective on shares of NICE from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Friday. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Friday. Finally, DA Davidson reduced their target price on shares of NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, NICE presently has an average rating of "Moderate Buy" and an average price target 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.