23,828 Shares in NiCE $NICE Acquired by Norges Bank

Norges Bank acquired a new stake in NiCE (NASDAQ:NICE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,828 shares of the technology company’s stock, valued at approximately $4,025,000.

Other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. grew its holdings in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in NiCE in the 2nd quarter valued at about $60,000. Legal & General Group Plc acquired a new stake in shares of NiCE during the second quarter valued at about $65,000. Hantz Financial Services Inc. increased its position in shares of NiCE by 1,388.9% during the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after acquiring an additional 375 shares during the last quarter. Finally, Capital Analysts LLC purchased a new stake in shares of NiCE during the first quarter worth about $69,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NICE. Rosenblatt Securities dropped their price objective on NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Mizuho decreased their price target on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Jefferies Financial Group cut their price target on shares of NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. Barclays reduced their price objective on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Finally, JMP Securities set a $200.00 target price on shares of NiCE in a research report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.38.

NiCE Stock Performance

NASDAQ NICE opened at $106.81 on Wednesday. NiCE has a one year low of $99.00 and a one year high of $193.42. The company has a 50-day simple moving average of $123.68 and a 200-day simple moving average of $144.15. The firm has a market capitalization of $6.76 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01.

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 enables 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.