Matauro LLC Acquires New Stake in NiCE $NICE

Matauro LLC bought a new position in NiCE (NASDAQ:NICE) during the third quarter, Holdings Channel.com reports. The institutional investor bought 7,002 shares of the technology company’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NICE. TT International Asset Management LTD boosted its position in shares of NiCE by 16.1% during the 3rd quarter. TT International Asset Management LTD now owns 29,915 shares of the technology company’s stock valued at $4,331,000 after acquiring an additional 4,151 shares during the last quarter. Corient Private Wealth LLC raised its stake in NiCE by 28.4% in the second quarter. Corient Private Wealth LLC now owns 6,227 shares of the technology company’s stock valued at $1,052,000 after purchasing an additional 1,377 shares in the last quarter. Osaic Holdings Inc. lifted its position in NiCE by 65.5% during the second quarter. Osaic Holdings Inc. now owns 35,474 shares of the technology company’s stock valued at $5,778,000 after purchasing an additional 14,041 shares during the last quarter. State of Wyoming bought a new stake in NiCE during the second quarter valued at approximately $975,000. Finally, Evergreen Capital Management LLC grew its stake in NiCE by 3.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 19,807 shares of the technology company’s stock worth $3,346,000 after buying an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Trading Up 0.2%

Shares of NASDAQ:NICE opened at $109.03 on Friday. The stock has a market capitalization of $6.90 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01. The stock’s 50-day moving average price is $119.02 and its 200-day moving average price is $141.31. NiCE has a 12-month low of $99.00 and a 12-month high of $180.61.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Rosenblatt Securities lowered their price objective on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Jefferies Financial Group lowered their price target on NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Mizuho dropped their price target on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Wedbush lowered NiCE from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $120.00 in a research report on Monday, December 8th. Finally, JMP Securities set a $200.00 target price on NiCE in a research report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE presently has an average rating of “Moderate Buy” and an average target price of $164.38.

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.