Y Intercept Hong Kong Ltd Has $550,000 Holdings in NICE Ltd. (NASDAQ:NICE)

Y Intercept Hong Kong Ltd decreased its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 63.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,165 shares of the technology company's stock after selling 5,498 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in NICE were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NICE. Bruni J V & Co. Co. acquired a new stake in shares of NICE in the 3rd quarter valued at approximately $22,849,000. Asset Management One Co. Ltd. lifted its stake in NICE by 13.5% in the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock valued at $8,200,000 after acquiring an additional 5,629 shares during the last quarter. Parnassus Investments LLC grew its position in shares of NICE by 1.5% in the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock valued at $89,794,000 after acquiring an additional 7,635 shares during the period. Buckingham Capital Management Inc. increased its stake in shares of NICE by 43.5% during the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock worth $3,337,000 after purchasing an additional 5,829 shares during the last quarter. Finally, Osborne Partners Capital Management LLC increased its stake in shares of NICE by 6.4% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company's stock worth $11,778,000 after purchasing an additional 4,080 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Trading Down 0.2 %

NASDAQ NICE traded down $0.37 during midday trading on Monday, hitting $186.30. The company had a trading volume of 382,332 shares, compared to its average volume of 515,585. The firm has a 50-day moving average price of $179.72 and a 200-day moving average price of $173.99. The company has a market capitalization of $11.71 billion, a PE ratio of 28.84, a P/E/G ratio of 1.43 and a beta of 1.05. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NICE. Piper Sandler reiterated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer downgraded NICE from an "outperform" rating to a "market perform" rating in a report on Friday, November 15th. Jefferies Financial Group reduced their price objective on shares of NICE from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Friday, November 15th. 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. Finally, DA Davidson reduced their target price on shares of NICE from $300.00 to $225.00 and set a "buy" rating for the company in a 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.57.

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.