Envestnet Asset Management Inc. Acquires 67,971 Shares of NiCE $NICE

Envestnet Asset Management Inc. lifted its holdings in NiCE (NASDAQ:NICE) by 59.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 182,438 shares of the technology company’s stock after acquiring an additional 67,971 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NiCE were worth $26,413,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in NiCE by 3.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after purchasing an additional 65,420 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of NiCE by 116.1% during the second quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after buying an additional 659,170 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of NiCE by 6.6% in the second quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company’s stock worth $138,361,000 after buying an additional 50,403 shares during the period. CCLA Investment Management increased its holdings in shares of NiCE by 6.6% in the second quarter. CCLA Investment Management now owns 710,865 shares of the technology company’s stock worth $120,029,000 after buying an additional 43,872 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of NiCE by 1.3% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 646,979 shares of the technology company’s stock valued at $93,670,000 after acquiring an additional 8,170 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NICE. Royal Bank Of Canada decreased their price target on NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Cantor Fitzgerald cut their target price on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. DA Davidson decreased their target price on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Citizens Jmp lowered their price target on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a report on Friday, November 14th. Finally, JMP Securities set a $200.00 price target on shares of NiCE in a research report on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $159.77.

NiCE Trading Down 4.8%

NASDAQ:NICE opened at $105.69 on Friday. The company has a 50-day moving average price of $111.68 and a 200-day moving average price of $127.01. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.69 and a beta of 0.96. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61.

NiCE Company 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.