Alliancebernstein L.P. increased its holdings in shares of Nice Ltd (NASDAQ:NICE) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 187,478 shares of the technology company’s stock after purchasing an additional 6,015 shares during the period. Alliancebernstein L.P. owned approximately 0.31% of Nice worth $21,461,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new position in shares of Nice during the 3rd quarter worth about $106,000. First Hawaiian Bank acquired a new position in shares of Nice during the 3rd quarter worth about $126,000. West Coast Financial LLC acquired a new position in shares of Nice during the 3rd quarter worth about $201,000. Valmark Advisers Inc. acquired a new position in shares of Nice during the 2nd quarter worth about $208,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Nice during the 2nd quarter worth about $239,000. 44.99% of the stock is owned by institutional investors and hedge funds.
Nice stock opened at $116.50 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 3.00 and a beta of 0.89. Nice Ltd has a 12 month low of $84.49 and a 12 month high of $119.83.
Several research firms recently weighed in on NICE. Zacks Investment Research cut Nice from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Wedbush initiated coverage on Nice in a research report on Thursday, October 18th. They set an “outperform” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 10th. BidaskClub cut Nice from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Finally, Barclays reaffirmed a “hold” rating and issued a $114.00 price target on shares of Nice in a report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Nice presently has an average rating of “Buy” and an average target price of $113.00.
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NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.
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