FORA Capital LLC Reduces Stock Position in NICE Ltd. (NASDAQ:NICE)

FORA Capital LLC cut its position in NICE Ltd. (NASDAQ:NICE) by 34.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,813 shares of the technology company’s stock after selling 4,689 shares during the quarter. FORA Capital LLC’s holdings in NICE were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bruni J V & Co. Co. purchased a new stake in NICE in the 3rd quarter worth approximately $22,849,000. First Hawaiian Bank purchased a new stake in NICE in the 2nd quarter worth approximately $516,000. Diversified Trust Co lifted its stake in NICE by 237.9% in the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 4,561 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Buckingham Capital Management Inc. lifted its stake in NICE by 43.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after purchasing an additional 5,829 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NICE. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Friday, November 15th. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, NICE presently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Performance

NICE stock opened at $179.84 on Thursday. The firm has a market cap of $11.31 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.44 and a beta of 1.04. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The firm’s fifty day moving average is $174.80 and its 200 day moving average is $175.42.

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.