NICE Ltd. (NASDAQ:NICE) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lowered its stake in NICE Ltd. (NASDAQ:NICE) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,164 shares of the technology company’s stock after selling 1,727 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in NICE were worth $5,123,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in NICE during the third quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NICE during the third quarter worth $41,000. GAMMA Investing LLC grew its stake in shares of NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after buying an additional 116 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised NICE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. 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. Cantor Fitzgerald assumed coverage on NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price objective on the stock. 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, DA Davidson lowered their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.93.

NICE Stock Performance

Shares of NICE stock opened at $165.00 on Friday. The stock has a market cap of $10.37 billion, a PE ratio of 25.54, a P/E/G ratio of 1.16 and a beta of 1.06. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The stock has a fifty day moving average price of $174.67 and a 200 day moving average price of $173.85.

NICE Company 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.