NiCE $NICE Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lowered its position in shares of NiCE (NASDAQ:NICE) by 10.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,631,690 shares of the technology company’s stock after selling 200,000 shares during the period. NiCE accounts for 2.5% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 14th biggest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in NiCE were worth $236,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NICE. Inspire Advisors LLC increased its stake in shares of NiCE by 2.5% during the third quarter. Inspire Advisors LLC now owns 3,302 shares of the technology company’s stock worth $478,000 after acquiring an additional 79 shares during the period. Formidable Asset Management LLC boosted its holdings in NiCE by 3.2% in the 3rd quarter. Formidable Asset Management LLC now owns 5,027 shares of the technology company’s stock valued at $776,000 after purchasing an additional 157 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of NiCE by 1.3% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 646,979 shares of the technology company’s stock worth $93,670,000 after buying an additional 8,170 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of NiCE by 36.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,344 shares of the technology company’s stock valued at $339,000 after buying an additional 621 shares during the period. Finally, Bfsg LLC boosted its stake in shares of NiCE by 5.8% in the third quarter. Bfsg LLC now owns 11,097 shares of the technology company’s stock valued at $1,607,000 after buying an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NICE shares. Wedbush lowered shares of NiCE from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $120.00 in a research report on Monday, December 8th. Cantor Fitzgerald reduced their price target on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Barclays dropped their price objective on NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Piper Sandler reaffirmed a “neutral” rating and set a $122.00 price objective on shares of NiCE in a report on Tuesday, December 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $175.00 target price on shares of NiCE in a report on Tuesday, December 23rd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, NiCE currently has an average rating of “Hold” and an average price target of $159.77.

NiCE Stock Performance

Shares of NASDAQ:NICE opened at $112.08 on Wednesday. NiCE has a one year low of $99.00 and a one year high of $180.61. The stock has a market cap of $7.09 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. The business’s fifty day moving average price is $111.40 and its two-hundred day moving average price is $132.36.

About NiCE

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.