NiCE $NICE Shares Sold by Balefire LLC

Balefire LLC lessened its holdings in shares of NiCE (NASDAQ:NICE) by 46.7% during the third quarter, HoldingsChannel reports. The firm owned 8,562 shares of the technology company’s stock after selling 7,503 shares during the quarter. Balefire LLC’s holdings in NiCE were worth $1,240,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. TT International Asset Management LTD grew its position in shares of NiCE by 16.1% in the third quarter. TT International Asset Management LTD now owns 29,915 shares of the technology company’s stock valued at $4,331,000 after purchasing an additional 4,151 shares during the period. Corient Private Wealth LLC lifted its position in NiCE by 28.4% during the second quarter. Corient Private Wealth LLC now owns 6,227 shares of the technology company’s stock worth $1,052,000 after buying an additional 1,377 shares during the period. Osaic Holdings Inc. boosted its stake in NiCE by 65.5% in the 2nd quarter. Osaic Holdings Inc. now owns 35,474 shares of the technology company’s stock worth $5,778,000 after buying an additional 14,041 shares during the last quarter. State of Wyoming purchased a new stake in NiCE in the 2nd quarter valued at about $975,000. Finally, Evergreen Capital Management LLC grew its holdings in NiCE by 3.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 19,807 shares of the technology company’s stock valued at $3,346,000 after buying an additional 729 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Stock Performance

NASDAQ NICE opened at $108.63 on Thursday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.46 and a beta of 1.01. NiCE has a one year low of $99.00 and a one year high of $191.66. The company’s 50 day moving average price is $120.09 and its 200 day moving average price is $141.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NICE shares. JMP Securities set a $200.00 price objective on shares of NiCE in a report on Friday, November 14th. Wedbush lowered shares of NiCE from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $120.00 in a research report on Monday, December 8th. Cantor Fitzgerald cut their price target on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Morgan Stanley decreased their price target on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Finally, Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Eight equities 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 stock. According to data from MarketBeat, NiCE has an average rating of “Moderate Buy” and a consensus target price of $164.38.

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.