XTX Topco Ltd Invests $647,000 in NICE Ltd. (NASDAQ:NICE)

XTX Topco Ltd acquired a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,724 shares of the technology company's stock, valued at approximately $647,000.

A number of other hedge funds have also added to or reduced their stakes in NICE. Aurora Investment Counsel lifted its holdings in shares of NICE by 0.7% during the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company's stock worth $1,876,000 after purchasing an additional 80 shares during the period. Financial Perspectives Inc increased its stake in NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock valued at $98,000 after purchasing an additional 86 shares in the last quarter. Mendota Financial Group LLC increased its stake in NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock valued at $146,000 after purchasing an additional 86 shares in the last quarter. Legacy Advisors LLC increased its stake in NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock valued at $1,148,000 after purchasing an additional 88 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in NICE by 48.9% in 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 in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NICE. Piper Sandler reissued a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. StockNews.com upgraded shares of NICE from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Jefferies Financial Group dropped their target price on shares of NICE from $230.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of NICE in a research note on Friday, August 16th. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $260.57.

NICE Stock Performance

NICE stock traded down $5.66 during midday trading on Friday, reaching $186.67. 362,911 shares of the stock were exchanged, compared to its average volume of 516,079. The company's fifty day moving average is $179.09 and its 200-day moving average is $174.25. The firm has a market cap of $11.74 billion, a PE ratio of 29.77, a PEG ratio of 1.43 and a beta of 1.05. NICE Ltd. has a 52 week low of $151.52 and a 52 week 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.