Lazard Asset Management LLC Boosts Stake in NiCE $NICE

Lazard Asset Management LLC increased its holdings in NiCE (NASDAQ:NICE) by 116.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,226,920 shares of the technology company’s stock after acquiring an additional 659,170 shares during the period. Lazard Asset Management LLC’s holdings in NiCE were worth $207,238,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. boosted its position in NiCE by 99.0% in the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of NiCE during the 2nd quarter worth $60,000. Legal & General Group Plc purchased a new position in shares of NiCE in the 2nd quarter worth about $65,000. Hantz Financial Services Inc. grew its position in NiCE by 1,388.9% during the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after buying an additional 375 shares during the period. Finally, Capital Analysts LLC purchased a new stake in NiCE during the first quarter worth about $69,000. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on NICE. Barclays dropped their target price 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. JMP Securities set a $200.00 price objective on NiCE in a research note on Friday, November 14th. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research report on Monday. Finally, Jefferies Financial Group dropped 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. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.38.

NiCE Price Performance

Shares of NICE stock opened at $109.24 on Friday. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.49 and a beta of 1.01. The company’s fifty day simple moving average is $121.89 and its two-hundred day simple moving average is $143.30. NiCE has a 1 year low of $99.00 and a 1 year high of $193.42.

About NiCE

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 enables 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.