American Capital Management Inc. Raises Holdings in NICE Ltd. (NASDAQ:NICE)

American Capital Management Inc. raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,311 shares of the technology company’s stock after purchasing an additional 7,303 shares during the quarter. NICE accounts for approximately 3.1% of American Capital Management Inc.’s portfolio, making the stock its 9th largest position. American Capital Management Inc. owned about 0.86% of NICE worth $93,836,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after buying an additional 279,375 shares during the last quarter. Black Creek Investment Management Inc. lifted its stake in NICE by 22.6% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after acquiring an additional 250,334 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in NICE by 49.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after acquiring an additional 394,715 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of NICE by 12.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after acquiring an additional 117,749 shares in the last quarter. Finally, RGM Capital LLC grew its stake in shares of NICE by 12.5% in the 2nd quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock worth $180,759,000 after acquiring an additional 116,629 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Up 1.4 %

NASDAQ NICE opened at $182.44 on Friday. The firm has a market cap of $11.47 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The company’s 50 day moving average is $175.76 and its 200-day moving average is $175.19. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

Wall Street Analyst Weigh In

NICE has been the topic of several analyst reports. Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price target on shares of NICE in a research report on Friday, November 15th. Citigroup lifted their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, DA Davidson reduced their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

About NICE

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.