NICE Ltd. (NASDAQ:NICE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 50.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,597 shares of the technology company's stock after selling 2,640 shares during the period. SG Americas Securities LLC's holdings in NICE were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV increased its stake in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in NICE in the third quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new stake in NICE during the third quarter valued at $41,000. GAMMA Investing LLC raised its stake in NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company's stock valued at $43,000 after purchasing an additional 116 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NICE has been the subject of several analyst reports. DA Davidson lowered their price objective on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Northland Securities decreased their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, November 15th. Royal Bank of Canada restated an "outperform" rating and issued a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Oppenheimer downgraded shares of NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Finally, StockNews.com raised shares of NICE from a "buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $253.93.

NICE Stock Up 0.4 %

Shares of NICE stock traded up $0.72 on Thursday, reaching $173.87. 500,457 shares of the stock were exchanged, compared to its average volume of 482,948. The business has a 50 day moving average price of $173.53 and a two-hundred day moving average price of $173.50. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.16 and a beta of 1.06. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

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.