Charles Schwab Investment Management Inc. Boosts Stock Position in NICE Ltd. (NASDAQ:NICE)

Charles Schwab Investment Management Inc. boosted its position in NICE Ltd. (NASDAQ:NICE) by 34.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,023 shares of the technology company’s stock after purchasing an additional 1,034 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NICE were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aurora Investment Counsel boosted its holdings in shares of NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after acquiring an additional 80 shares during the last quarter. Financial Perspectives Inc boosted its holdings in NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after purchasing an additional 86 shares during the last quarter. Mendota Financial Group LLC grew its position in NICE by 11.4% during the 3rd quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after purchasing an additional 86 shares during the period. Legacy Advisors LLC raised its stake in shares of NICE by 1.3% during the 2nd quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock valued at $1,148,000 after buying an additional 88 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of NICE by 48.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the topic of several analyst reports. Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research note on Friday, November 15th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Jefferies Financial Group decreased their price objective on shares of NICE from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Performance

Shares of NICE opened at $181.75 on Thursday. The stock has a 50 day moving average price of $180.50 and a 200 day moving average price of $174.09. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.46 and a beta of 1.05.

NICE 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.