TimesSquare Capital Management LLC Trims Position in NiCE $NICE

TimesSquare Capital Management LLC lowered its position in NiCE (NASDAQ:NICE) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 294,422 shares of the technology company’s stock after selling 15,563 shares during the quarter. TimesSquare Capital Management LLC owned about 0.47% of NiCE worth $42,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New South Capital Management Inc. grew its stake in shares of NiCE by 2.4% in the 3rd quarter. New South Capital Management Inc. now owns 313,680 shares of the technology company’s stock valued at $45,415,000 after buying an additional 7,461 shares during the period. Assetmark Inc. lifted its holdings in NiCE by 251.1% in the third quarter. Assetmark Inc. now owns 2,103 shares of the technology company’s stock valued at $304,000 after acquiring an additional 1,504 shares during the last quarter. Madison Asset Management LLC purchased a new position in NiCE in the third quarter worth approximately $1,381,000. Oppenheimer Asset Management Inc. acquired a new stake in NiCE during the third quarter worth $1,646,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in NiCE in the third quarter valued at $211,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NiCE Stock Down 2.0%

NiCE stock opened at $103.55 on Friday. NiCE has a 52-week low of $99.00 and a 52-week high of $180.61. The firm has a market cap of $6.55 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.96. The company’s 50 day moving average is $111.63 and its two-hundred day moving average is $126.29.

Wall Street Analyst Weigh In

NICE has been the subject of a number of research analyst reports. Mizuho lowered their price target on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Piper Sandler reaffirmed a “neutral” rating and set a $122.00 target price on shares of NiCE in a research note on Tuesday, December 23rd. Barclays reduced their price target on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Citigroup increased their price objective on shares of NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.77.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.