Y.D. More Investments Ltd Sells 1,855 Shares of NICE Ltd. (NASDAQ:NICE)

Y.D. More Investments Ltd lessened its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,695 shares of the technology company's stock after selling 1,855 shares during the period. Y.D. More Investments Ltd's holdings in NICE were worth $2,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. raised its position in NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares in the last quarter. Berry Wealth Group LP boosted its holdings in 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 buying an additional 80 shares in the last quarter. Mendota Financial Group LLC grew its position in NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company's stock worth $146,000 after buying an additional 86 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock worth $48,000 after buying an additional 91 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Down 2.5 %

NICE stock traded down $4.40 during mid-day trading on Friday, reaching $169.47. The company had a trading volume of 362,952 shares, compared to its average volume of 504,483. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.22 and a beta of 1.06. The company has a 50 day moving average of $173.27 and a 200-day moving average of $173.42. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. DA Davidson cut their price objective on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Cantor Fitzgerald started coverage on NICE in a research report on Friday, January 17th. They set a "neutral" rating and a $176.00 price objective for the company. StockNews.com raised shares of NICE from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Northland Securities lowered their price target on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $253.93.

NICE Profile

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.