NiCE $NICE Shares Purchased by New South Capital Management Inc.

New South Capital Management Inc. lifted its stake in NiCE (NASDAQ:NICE) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 313,680 shares of the technology company’s stock after acquiring an additional 7,461 shares during the period. NiCE accounts for approximately 2.1% of New South Capital Management Inc.’s holdings, making the stock its 16th biggest position. New South Capital Management Inc. owned approximately 0.50% of NiCE worth $45,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. raised its holdings in NiCE by 251.1% during the third quarter. Assetmark Inc. now owns 2,103 shares of the technology company’s stock worth $304,000 after purchasing an additional 1,504 shares in the last quarter. Madison Asset Management LLC acquired a new position in shares of NiCE during the 3rd quarter valued at $1,381,000. Oppenheimer Asset Management Inc. bought a new stake in shares of NiCE in the 3rd quarter worth $1,646,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of NiCE in the third quarter valued at $211,000. Finally, Ceera Investments LLC lifted its holdings in shares of NiCE by 1.0% in the third quarter. Ceera Investments LLC now owns 49,281 shares of the technology company’s stock valued at $7,135,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Citizens Jmp dropped their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a report on Friday, November 14th. Royal Bank Of Canada cut their target price on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Citigroup lifted their price target on shares of NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Jefferies Financial Group reduced their price target on shares of NiCE from $152.00 to $136.00 and set a “hold” rating for the company 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 two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.77.

NiCE Trading Down 4.8%

NASDAQ NICE opened at $105.69 on Friday. NiCE has a 1-year low of $99.00 and a 1-year high of $180.61. The firm’s fifty day simple moving average is $111.68 and its 200-day simple moving average is $127.01. The company has a market capitalization of $6.68 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96.

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.