Blue Door Asset Management LLC Purchases Shares of 31,600 NiCE $NICE

Blue Door Asset Management LLC acquired a new position in shares of NiCE (NASDAQ:NICE) during the second quarter, Holdings Channel reports. The fund acquired 31,600 shares of the technology company’s stock, valued at approximately $5,338,000. NiCE accounts for approximately 2.8% of Blue Door Asset Management LLC’s portfolio, making the stock its 11th largest holding.

Several other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. raised its stake in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after buying an additional 99 shares during the period. Atlantic Union Bankshares Corp bought a new position in NiCE in the second quarter worth approximately $60,000. Legal & General Group Plc acquired a new stake in NiCE in the second quarter valued at approximately $65,000. 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. Finally, Capital Analysts LLC bought a new stake in shares of NiCE during the first quarter valued at approximately $69,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NICE. Jefferies Financial Group cut their target price on NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. JMP Securities set a $200.00 price objective on shares of NiCE in a research note on Friday, November 14th. Citigroup lifted their price objective on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 14th. DA Davidson lowered their target price on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Finally, Mizuho cut their price target on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE presently has an average rating of “Moderate Buy” and a consensus price target of $164.38.

NiCE Stock Performance

Shares of NICE stock opened at $108.06 on Thursday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.46 and a beta of 1.01. The firm’s 50-day simple moving average is $123.06 and its two-hundred day simple moving average is $143.90. NiCE has a 52 week low of $99.00 and a 52 week high of $193.42.

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 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.