WCM Investment Management LLC Boosts Stock Position in NICE Ltd. (NASDAQ:NICE)

WCM Investment Management LLC boosted its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 84.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,246 shares of the technology company's stock after purchasing an additional 4,239 shares during the quarter. WCM Investment Management LLC's holdings in NICE were worth $1,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. Richardson Financial Services Inc. boosted its holdings in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after acquiring an additional 67 shares during the period. Berry Wealth Group LP lifted its holdings in shares of NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock worth $274,000 after purchasing an additional 80 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock worth $48,000 after purchasing an additional 91 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after purchasing an additional 100 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of NICE by 4.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company's stock worth $439,000 after purchasing an additional 108 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NICE shares. Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $260.00 price target on shares of NICE in a report on Friday, November 15th. DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a report on Friday, November 15th. StockNews.com raised NICE from a "buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Oppenheimer downgraded NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $253.93.

NICE Trading Down 1.0 %

Shares of NICE stock traded down $1.74 during mid-day trading on Friday, reaching $176.49. The stock had a trading volume of 347,162 shares, compared to its average volume of 458,389. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a market cap of $11.10 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. The business has a 50-day simple moving average of $171.87 and a 200 day simple moving average of $173.18.

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.