Barclays PLC Trims Holdings in NICE Ltd. (NASDAQ:NICE)

Barclays PLC reduced its stake in NICE Ltd. (NASDAQ:NICE) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 748 shares of the technology company’s stock after selling 6,915,558 shares during the quarter. Barclays PLC’s holdings in NICE were worth $130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NICE. Rhumbline Advisers grew its holdings in shares of NICE by 8.7% in the second quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock valued at $577,000 after purchasing an additional 269 shares during the period. American Century Companies Inc. boosted its holdings in NICE by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock valued at $786,000 after purchasing an additional 289 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in NICE by 45.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,853 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 1,824 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of NICE by 49.5% in the 2nd quarter. ProShare Advisors LLC now owns 1,796 shares of the technology company’s stock valued at $309,000 after buying an additional 595 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of NICE during the 2nd quarter worth approximately $44,076,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Trading Down 2.4 %

NICE stock opened at $161.04 on Friday. The firm has a market capitalization of $10.12 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 1.06. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The stock’s fifty day simple moving average is $175.26 and its 200-day simple moving average is $174.08.

Wall Street Analyst Weigh In

A number of research firms recently commented on NICE. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. DA Davidson cut their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Finally, Citigroup lifted their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $253.93.

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.