Northwest & Ethical Investments L.P. Increases Stock Position in NICE Ltd. (NASDAQ:NICE)

Northwest & Ethical Investments L.P. grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 17.3% during the third quarter, HoldingsChannel.com reports. The fund owned 18,790 shares of the technology company’s stock after buying an additional 2,770 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in NICE were worth $3,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NICE by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company’s stock worth $49,831,000 after buying an additional 4,411 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of NICE in the third quarter worth approximately $209,000. Transamerica Financial Advisors Inc. boosted its holdings in shares of NICE by 2,384.8% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,143 shares of the technology company’s stock worth $199,000 after buying an additional 1,097 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of NICE by 14.8% in the third quarter. D.A. Davidson & CO. now owns 25,948 shares of the technology company’s stock worth $4,506,000 after buying an additional 3,355 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of NICE by 201.7% in the third quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock worth $24,470,000 after buying an additional 94,200 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NICE stock opened at $179.84 on Friday. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The company’s fifty day moving average price is $175.13 and its 200-day moving average price is $175.45. The company has a market capitalization of $11.31 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Finally, Northland Securities decreased their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus 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.