Lakewood Asset Management LLC Purchases 10,580 Shares of NiCE $NICE

Lakewood Asset Management LLC raised its position in NiCE (NASDAQ:NICE) by 478.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,791 shares of the technology company’s stock after acquiring an additional 10,580 shares during the period. Lakewood Asset Management LLC’s holdings in NiCE were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Richardson Financial Services Inc. boosted its position in shares of NiCE by 99.0% in the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in NiCE in the second quarter valued at about $40,000. Atlantic Union Bankshares Corp acquired a new stake in NiCE in the second quarter worth about $60,000. Legal & General Group Plc purchased a new stake in shares of NiCE during the second quarter worth about $65,000. Finally, Hantz Financial Services Inc. increased its holdings 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 valued at $68,000 after acquiring an additional 375 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citizens Jmp dropped their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday, November 14th. JMP Securities set a $200.00 price objective on shares of NiCE in a report on Friday, November 14th. Morgan Stanley reduced their target price on NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Wedbush downgraded NiCE from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $120.00 in a research note on Monday, December 8th. Finally, Citigroup lifted their target price on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $159.77.

NiCE Trading Down 0.4%

NiCE stock opened at $117.07 on Friday. The firm has a market cap of $7.40 billion, a PE ratio of 13.30, a P/E/G ratio of 1.73 and a beta of 0.97. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61. The stock’s 50 day simple moving average is $113.39 and its two-hundred day simple moving average is $135.43.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.