HighTower Advisors LLC Has $6.42 Million Holdings in NICE Ltd. (NASDAQ:NICE)

HighTower Advisors LLC lessened its stake in NICE Ltd. (NASDAQ:NICE) by 7.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,479 shares of the technology company’s stock after selling 2,895 shares during the quarter. HighTower Advisors LLC’s holdings in NICE were worth $6,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NICE. Bruni J V & Co. Co. acquired a new position in NICE in the 3rd quarter worth $22,849,000. Diversified Trust Co boosted its position in shares of NICE by 237.9% during the second quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after buying an additional 4,561 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after buying an additional 5,629 shares during the period. Buckingham Capital Management Inc. boosted its position in NICE by 43.5% during the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after acquiring an additional 5,829 shares during the last quarter. Finally, Parnassus Investments LLC boosted its position in NICE by 1.5% during the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after acquiring an additional 7,635 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ NICE opened at $186.44 on Tuesday. The firm has a 50-day moving average of $177.90 and a 200-day moving average of $174.12. The stock has a market cap of $11.72 billion, a PE ratio of 28.86, a P/E/G ratio of 1.48 and a beta of 1.05. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

Analysts Set New Price Targets

NICE has been the subject of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson decreased their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Citigroup upped their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.57.

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 enable 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.