AIA Group Ltd purchased a new stake in NICE Ltd. (NASDAQ:NICE – Get Rating) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,031 shares of the technology company’s stock, valued at approximately $226,000.
Other institutional investors have also modified their holdings of the company. Prospera Financial Services Inc bought a new stake in shares of NICE in the 1st quarter valued at about $36,000. Loomis Sayles & Co. L P purchased a new position in shares of NICE in the 4th quarter valued at approximately $72,000. UMB Bank N A MO purchased a new position in shares of NICE in the 4th quarter valued at approximately $88,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of NICE in the 1st quarter valued at approximately $73,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of NICE in the 4th quarter valued at approximately $222,000. 70.48% of the stock is currently owned by institutional investors.
NICE Stock Performance
NICE opened at $221.06 on Friday. NICE Ltd. has a 12-month low of $179.13 and a 12-month high of $319.88. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.03 billion, a PE ratio of 73.69, a P/E/G ratio of 2.99 and a beta of 0.85. The firm has a 50 day moving average of $202.45 and a two-hundred day moving average of $215.18.
Wall Street Analyst Weigh In
Several equities analysts recently commented on NICE shares. Royal Bank of Canada decreased their price objective on shares of NICE from $365.00 to $240.00 in a research report on Friday, May 13th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 10th. Barclays decreased their price objective on shares of NICE from $356.00 to $283.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Morgan Stanley decreased their price objective on shares of NICE from $260.00 to $235.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, Jefferies Financial Group reduced their price target on shares of NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and a consensus price target of $272.00.
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 that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.
- Get a free copy of the StockNews.com research report on NICE (NICE)
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