Raymond James Trust N.A. Has $1.19 Million Holdings in NICE Ltd. (NASDAQ:NICE)

Raymond James Trust N.A. reduced its stake in shares of NICE Ltd. (NASDAQ:NICE) by 9.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,840 shares of the technology company’s stock after selling 697 shares during the period. Raymond James Trust N.A.’s holdings in NICE were worth $1,188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in NICE during the third quarter worth $38,000. GAMMA Investing LLC grew its holdings in NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after buying an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in NICE during the second quarter worth $72,000. 63.34% of the stock is owned by institutional investors.

NICE Stock Performance

NICE stock opened at $176.16 on Monday. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.38 and a beta of 1.04. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The stock has a fifty day moving average of $173.96 and a 200-day moving average of $176.00.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NICE in a report on Friday, August 16th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Jefferies Financial Group decreased their price target on NICE from $230.00 to $215.00 and set a “buy” rating for the company in a report on Friday, November 15th. Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Finally, Northland Securities reduced their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and an average price target of $260.57.

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.