Neuberger Berman Group LLC Has $104.67 Million Stock Holdings in NiCE $NICE

Neuberger Berman Group LLC lessened its holdings in NiCE (NASDAQ:NICE) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 619,684 shares of the technology company’s stock after selling 20,001 shares during the period. Neuberger Berman Group LLC’s holdings in NiCE were worth $104,671,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in NiCE by 3.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock valued at $309,389,000 after buying an additional 65,420 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of NiCE by 116.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after acquiring an additional 659,170 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NiCE by 218.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after acquiring an additional 623,014 shares in the last quarter. RGM Capital LLC lifted its holdings in NiCE by 8.6% in the 1st quarter. RGM Capital LLC now owns 826,660 shares of the technology company’s stock worth $127,446,000 after purchasing an additional 65,538 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in NiCE by 6.6% during the second quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company’s stock worth $138,361,000 after purchasing an additional 50,403 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NICE has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of NiCE from $152.00 to $136.00 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Rosenblatt Securities decreased their price target on shares of NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Mizuho dropped their price objective on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Citigroup boosted their price objective on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Monday, December 8th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NiCE presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.38.

NiCE Stock Up 0.3%

NiCE stock opened at $109.24 on Friday. The business has a 50 day moving average price of $121.89 and a two-hundred day moving average price of $143.17. NiCE has a 12 month low of $99.00 and a 12 month high of $193.42. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01.

About NiCE

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.