UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in NICE Ltd. (NASDAQ:NICE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 286,929 shares of the technology company's stock after buying an additional 4,411 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.46% of NICE worth $49,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bruni J V & Co. Co. acquired a new position in NICE in the 3rd quarter valued at $22,849,000. Diversified Trust Co lifted its holdings in NICE by 237.9% during the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company's stock valued at $1,114,000 after purchasing an additional 4,561 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in NICE by 13.5% during 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 purchasing an additional 5,629 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in NICE by 43.5% during the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock valued at $3,337,000 after purchasing an additional 5,829 shares during the last quarter. 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 acquiring an additional 7,635 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NICE shares. Royal Bank of Canada reissued an "outperform" rating and set a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Wedbush restated an "outperform" rating and set a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Piper Sandler reiterated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Citigroup boosted their price objective on shares of NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Oppenheimer lowered shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $260.57.

NICE Price Performance

NASDAQ:NICE traded up $6.60 during trading hours on Wednesday, hitting $191.97. The stock had a trading volume of 337,833 shares, compared to its average volume of 519,428. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The company has a 50 day simple moving average of $176.40 and a two-hundred day simple moving average of $174.31. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 1.44 and a beta of 1.05.

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.