NICE Ltd. (NASDAQ:NICE) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC cut its stake in shares of NICE Ltd. (NASDAQ:NICE) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 679 shares of the technology company’s stock after selling 162 shares during the period. Mendota Financial Group LLC’s holdings in NICE were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Unique Wealth LLC acquired a new stake in NICE in the 4th quarter valued at approximately $257,000. ORG Wealth Partners LLC raised its holdings in shares of NICE by 116.7% in the 4th quarter. ORG Wealth Partners LLC now owns 468 shares of the technology company’s stock valued at $79,000 after buying an additional 252 shares during the period. First Hawaiian Bank lifted its stake in NICE by 5.9% during the 4th quarter. First Hawaiian Bank now owns 3,362 shares of the technology company’s stock worth $571,000 after acquiring an additional 187 shares in the last quarter. Fulton Bank N.A. boosted its holdings in NICE by 12.4% during the 4th quarter. Fulton Bank N.A. now owns 1,394 shares of the technology company’s stock valued at $237,000 after acquiring an additional 154 shares during the period. Finally, GAMMA Investing LLC grew its position in NICE by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 411 shares of the technology company’s stock valued at $70,000 after acquiring an additional 166 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Stock Up 2.4 %

Shares of NICE opened at $165.62 on Tuesday. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The stock has a 50 day moving average price of $178.69 and a 200 day moving average price of $174.44. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.06.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of research reports. Citigroup lifted their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 target price on shares of NICE in a report on Friday, November 15th. Finally, Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

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.