131,568 Shares in NICE Ltd. (NASDAQ:NICE) Purchased by Bruni J V & Co. Co.

Bruni J V & Co. Co. purchased a new position in NICE Ltd. (NASDAQ:NICE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 131,568 shares of the technology company’s stock, valued at approximately $22,849,000. NICE accounts for 2.5% of Bruni J V & Co. Co.’s holdings, making the stock its 20th largest position.

Other hedge funds also recently modified their holdings of the company. First Hawaiian Bank acquired a new stake in NICE in the 2nd quarter worth $516,000. Diversified Trust Co lifted its position in shares of NICE by 237.9% in the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 4,561 shares during the period. Capital World Investors acquired a new stake in shares of NICE during the 1st quarter worth approximately $9,699,000. Asset Management One Co. Ltd. increased its position in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after purchasing an additional 5,629 shares during the period. Finally, Buckingham Capital Management Inc. raised its stake in shares of NICE by 43.5% in the third quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock valued at $3,337,000 after purchasing an additional 5,829 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Up 0.7 %

Shares of NICE opened at $173.83 on Tuesday. The stock’s fifty day simple moving average is $173.17 and its 200-day simple moving average is $177.40. The firm has a market capitalization of $10.93 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

Analysts Set New Price Targets

NICE has been the topic of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. Wedbush reissued an “outperform” rating and issued a $250.00 price target on shares of NICE in a research report on Friday, August 16th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Barclays lowered their price target on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Jefferies Financial Group cut their price objective on NICE from $230.00 to $215.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Profile

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 enable 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.