Romano Brothers AND Company Takes $822,000 Position in NiCE $NICE

Romano Brothers AND Company bought a new position in NiCE (NASDAQ:NICE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,675 shares of the technology company’s stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in NiCE by 3.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after acquiring an additional 65,420 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of NiCE by 116.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock worth $207,238,000 after purchasing an additional 659,170 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NiCE by 218.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock worth $139,989,000 after purchasing an additional 623,014 shares during the period. Alliancebernstein L.P. increased its position in NiCE by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company’s stock worth $138,361,000 after purchasing an additional 50,403 shares in the last quarter. Finally, CCLA Investment Management raised its holdings in NiCE by 6.6% in the second quarter. CCLA Investment Management now owns 710,865 shares of the technology company’s stock valued at $120,029,000 after buying an additional 43,872 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

NICE has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research note on Monday. Piper Sandler reissued a “neutral” rating and issued a $122.00 price objective on shares of NiCE in a research report on Tuesday, December 23rd. Morgan Stanley lowered their target price on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Cantor Fitzgerald reduced their price target on NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, JMP Securities set a $200.00 price objective on shares of 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.77.

NiCE Stock Performance

Shares of NICE opened at $113.04 on Friday. NiCE has a one year low of $99.00 and a one year high of $180.61. The stock has a 50-day moving average price of $115.64 and a 200 day moving average price of $137.46. The company has a market capitalization of $7.15 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.55 and a beta of 0.97.

NiCE 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.