Unique Wealth LLC Invests $257,000 in NICE Ltd. (NASDAQ:NICE)

Unique Wealth LLC bought a new position in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,515 shares of the technology company’s stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after purchasing an additional 279,375 shares during the last quarter. Black Creek Investment Management Inc. increased its holdings in shares of NICE by 22.6% in the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares during the last quarter. Vulcan Value Partners LLC increased its stake in NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after acquiring an additional 394,715 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in NICE by 12.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after acquiring an additional 117,749 shares during the last quarter. Finally, RGM Capital LLC increased its stake in NICE by 12.5% during the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after acquiring an additional 116,629 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NICE. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday. Citigroup boosted their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.50.

NICE Trading Up 2.4 %

Shares of NICE stock opened at $165.62 on Tuesday. The business’s fifty day simple moving average is $178.69 and its 200-day simple moving average is $174.44. The company has a market cap of $10.41 billion, a PE ratio of 25.64, a PEG ratio of 1.46 and a beta of 1.06. NICE Ltd. has a 12-month low of $151.52 and a 12-month 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.