Federated Hermes Inc. Raises Stake in NiCE $NICE

Federated Hermes Inc. raised its holdings in NiCE (NASDAQ:NICE) by 60.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,500 shares of the technology company’s stock after acquiring an additional 7,000 shares during the period. Federated Hermes Inc.’s holdings in NiCE were worth $2,678,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Richardson Financial Services Inc. lifted its position in NiCE by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after buying an additional 99 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of NiCE during the 2nd quarter valued at about $40,000. Atlantic Union Bankshares Corp acquired a new position in shares of NiCE during the 2nd quarter valued at about $60,000. Legal & General Group Plc purchased a new position in shares of NiCE during the 2nd quarter worth about $65,000. Finally, Hantz Financial Services Inc. boosted its position in shares of NiCE by 1,388.9% in the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of several research analyst reports. Zacks Research lowered shares of NiCE from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Piper Sandler restated a “neutral” rating and set a $122.00 price objective on shares of NiCE in a report on Tuesday, December 23rd. Citizens Jmp reduced their target price on NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a research report on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $175.00 price objective on shares of NiCE in a report on Tuesday, December 23rd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $159.77.

NiCE Stock Performance

NASDAQ:NICE opened at $108.98 on Wednesday. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. NiCE has a one year low of $99.00 and a one year high of $180.61. The business’s 50-day simple moving average is $111.05 and its 200 day simple moving average is $128.98.

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.