Virtu Financial LLC Sells 4,237 Shares of NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC decreased its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 43.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the technology company's stock after selling 4,237 shares during the quarter. Virtu Financial LLC's holdings in NICE were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NICE. TD Private Client Wealth LLC grew its stake in shares of NICE by 21.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,161 shares of the technology company's stock valued at $375,000 after buying an additional 384 shares during the period. Tanaka Capital Management Inc. boosted its holdings in NICE by 2,663.8% in the third quarter. Tanaka Capital Management Inc. now owns 4,809 shares of the technology company's stock valued at $835,000 after acquiring an additional 4,635 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in NICE during the third quarter valued at about $6,438,000. MML Investors Services LLC increased its stake in NICE by 238.7% during the third quarter. MML Investors Services LLC now owns 7,503 shares of the technology company's stock worth $1,303,000 after acquiring an additional 5,288 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of NICE in the 3rd quarter worth about $24,547,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NICE. StockNews.com upgraded NICE from a "buy" rating to a "strong-buy" rating in a report on Wednesday. DA Davidson dropped their price objective on shares of NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Citigroup lifted 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. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price target on shares of NICE in a report on Friday, August 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NICE has a consensus rating of "Moderate Buy" and a consensus target price of $260.57.

NICE Stock Down 2.9 %

Shares of NICE stock traded down $5.66 on Friday, hitting $186.67. 362,199 shares of the company's stock traded hands, compared to its average volume of 516,135. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The firm's 50-day moving average is $179.40 and its 200 day moving average is $174.23. The stock has a market cap of $11.74 billion, a P/E ratio of 28.90, a PEG ratio of 1.43 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.