Callan Family Office LLC Makes New Investment in NiCE $NICE

Callan Family Office LLC acquired a new stake in NiCE (NASDAQ:NICE) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,309 shares of the technology company’s stock, valued at approximately $769,000.

Other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. increased its holdings in NiCE by 99.0% in the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after buying an additional 99 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of NiCE in the 2nd quarter valued at about $40,000. Atlantic Union Bankshares Corp acquired a new stake in shares of NiCE during the 2nd quarter worth about $60,000. Legal & General Group Plc acquired a new stake in shares of NiCE during the 2nd quarter worth about $65,000. Finally, Hantz Financial Services Inc. lifted its stake in NiCE by 1,388.9% during the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after purchasing an additional 375 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Stock Performance

Shares of NICE opened at $110.48 on Friday. NiCE has a fifty-two week low of $99.00 and a fifty-two week high of $180.61. The firm has a 50-day simple moving average of $111.30 and a 200-day simple moving average of $128.73. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96.

Analysts Set New Price Targets

A number of analysts have weighed in on NICE shares. Piper Sandler reissued a “neutral” rating and set a $122.00 price objective on shares of NiCE in a report on Tuesday, December 23rd. Morgan Stanley reduced their price target on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald cut their target price on NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Wedbush cut NiCE from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $120.00 in a research report on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE has an average rating of “Hold” and an average price target of $159.77.

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.