Oppenheimer Asset Management Inc. Purchases Shares of 11,366 NiCE $NICE

Oppenheimer Asset Management Inc. acquired a new position in shares of NiCE (NASDAQ:NICE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,366 shares of the technology company’s stock, valued at approximately $1,646,000.

A number of other hedge funds have also modified their holdings of NICE. Lazard Asset Management LLC lifted its stake in NiCE by 116.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after acquiring an additional 659,170 shares in the last quarter. Boston Partners lifted its position in shares of NiCE by 41.2% in the second quarter. Boston Partners now owns 538,985 shares of the technology company’s stock worth $90,945,000 after purchasing an additional 157,319 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after purchasing an additional 103,342 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in NiCE by 36.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 336,887 shares of the technology company’s stock worth $56,904,000 after purchasing an additional 90,054 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in NiCE by 59.4% in the third quarter. Envestnet Asset Management Inc. now owns 182,438 shares of the technology company’s stock valued at $26,413,000 after purchasing an additional 67,971 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NICE. Royal Bank Of Canada cut their price target on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. JMP Securities set a $200.00 target price on NiCE in a report on Friday, November 14th. Jefferies Financial Group decreased their price target on NiCE from $152.00 to $136.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Morgan Stanley lowered their price target on NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Finally, Zacks Research downgraded NiCE from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $159.77.

NiCE Trading Down 2.0%

NICE opened at $103.55 on Friday. The stock’s fifty day simple moving average is $111.63 and its 200 day simple moving average is $126.55. NiCE has a 1-year low of $99.00 and a 1-year high of $180.61. The stock has a market cap of $6.55 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96.

NiCE 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.