Wilmington Savings Fund Society FSB Purchases New Shares in NICE Ltd. (NASDAQ:NICE)

Wilmington Savings Fund Society FSB bought a new position in shares of NICE Ltd. (NASDAQ:NICE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 236 shares of the technology company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aurora Investment Counsel lifted its position in shares of NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after acquiring an additional 80 shares during the period. Financial Perspectives Inc raised 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 lifted its position in NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after purchasing an additional 86 shares during the period. Legacy Advisors LLC grew its stake in NICE by 1.3% during the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after buying an additional 88 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in NICE by 48.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson lowered 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. Northland Securities dropped their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Finally, Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

NICE Stock Performance

NICE stock opened at $176.02 on Monday. The company has a market capitalization of $11.07 billion, a P/E ratio of 27.25, a PEG ratio of 1.46 and a beta of 1.05. The company has a fifty day moving average price of $180.80 and a 200-day moving average price of $174.11. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

NICE Company 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.