NICE Ltd. (NASDAQ:NICE) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its position in NICE Ltd. (NASDAQ:NICE) by 42.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,039 shares of the technology company’s stock after selling 2,245 shares during the quarter. Diversified Trust Co’s holdings in NICE were worth $516,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC raised its holdings in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after buying an additional 279,375 shares during the last quarter. Marshall Wace LLP acquired a new stake in NICE in the second quarter valued at $44,076,000. Black Creek Investment Management Inc. lifted its holdings in NICE by 22.6% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of NICE during the 3rd quarter worth about $24,547,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NICE shares. Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Northland Securities cut their price target on shares of 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 decreased their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.50.

NICE Price Performance

Shares of NASDAQ NICE opened at $161.66 on Friday. The company has a market cap of $10.16 billion, a PE ratio of 25.02, a P/E/G ratio of 1.46 and a beta of 1.06. The stock has a fifty day moving average price of $178.97 and a 200 day moving average price of $174.30. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73.

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.