Mediolanum International Funds Ltd Has $6.58 Million Stake in NiCE $NICE

Mediolanum International Funds Ltd increased its holdings in shares of NiCE (NASDAQ:NICE) by 101.7% in the third quarter, HoldingsChannel reports. The firm owned 44,940 shares of the technology company’s stock after buying an additional 22,664 shares during the period. Mediolanum International Funds Ltd’s holdings in NiCE were worth $6,578,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NICE. AQR Capital Management LLC acquired a new position in shares of NiCE in the first quarter valued at approximately $226,000. Goldman Sachs Group Inc. boosted its stake in NiCE by 81.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after purchasing an additional 103,342 shares during the period. Empowered Funds LLC acquired a new position in NiCE in the 1st quarter valued at $892,000. Woodline Partners LP increased its position in NiCE by 18.7% during the 1st quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after buying an additional 3,178 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of NiCE by 396.2% during the second quarter. QRG Capital Management Inc. now owns 14,281 shares of the technology company’s stock worth $2,412,000 after buying an additional 11,403 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Citigroup upped their target price on NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Jefferies Financial Group reduced 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $175.00 price target on shares of NiCE in a research note 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 stock. According to data from MarketBeat, NiCE currently has a consensus rating of “Hold” and an average price target of $159.77.

NiCE Price Performance

NICE opened at $109.26 on Tuesday. NiCE has a fifty-two week low of $99.00 and a fifty-two week high of $180.61. The company’s 50 day moving average price is $110.94 and its two-hundred day moving average price is $129.29. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.57 and a beta of 0.96.

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.