NICE Ltd. (NASDAQ:NICE) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 70,021 shares of the technology company’s stock after buying an additional 97 shares during the quarter. Geode Capital Management LLC’s holdings in NICE were worth $12,161,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vulcan Value Partners LLC increased its holdings in shares of NICE by 49.7% in the 2nd 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 period. Migdal Insurance & Financial Holdings Ltd. raised its position in NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after acquiring an additional 279,375 shares in the last quarter. Acadian Asset Management LLC grew its position in NICE by 63.2% in the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock worth $119,317,000 after acquiring an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of NICE during the 2nd quarter worth $44,076,000. Finally, Black Creek Investment Management Inc. increased its stake in shares of NICE by 22.6% during the 2nd 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. 63.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. 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 research note on Thursday, December 19th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Finally, DA Davidson cut their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and a consensus target price of $259.50.

NICE Stock Down 0.4 %

Shares of NICE stock opened at $169.84 on Wednesday. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The firm has a 50-day moving average price of $180.38 and a 200 day moving average price of $174.30. The company has a market capitalization of $10.68 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.46 and a beta of 1.05.

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.