Northwest & Ethical Investments L.P. Increases Stock Position in NICE Ltd. (NASDAQ:NICE)

Northwest & Ethical Investments L.P. raised its position in shares of NICE Ltd. (NASDAQ:NICE) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,790 shares of the technology company’s stock after buying an additional 2,770 shares during the period. Northwest & Ethical Investments L.P.’s holdings in NICE were worth $3,263,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in NICE by 4.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock valued at $367,000 after buying an additional 65 shares during the period. Aurora Investment Counsel boosted its position in NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after buying an additional 80 shares during the period. Financial Perspectives Inc boosted its position in NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after buying an additional 86 shares during the period. Mendota Financial Group LLC boosted 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 valued at $146,000 after buying an additional 86 shares during the period. Finally, Legacy Advisors LLC boosted its position in 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 period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ:NICE opened at $179.84 on Friday. The firm has a market cap of $11.31 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.41 and a beta of 1.04. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm has a 50-day simple moving average of $175.13 and a two-hundred day simple moving average of $175.45.

Wall Street Analyst Weigh In

NICE has been the subject of several research reports. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company 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.