M&G PLC Has $8.89 Million Stake in NiCE $NICE

M&G PLC lowered its holdings in shares of NiCE (NASDAQ:NICE) by 99.7% during the third quarter, HoldingsChannel reports. The firm owned 61,337 shares of the technology company’s stock after selling 19,592,000 shares during the quarter. M&G PLC’s holdings in NiCE were worth $8,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC acquired a new stake in NiCE during the 1st quarter worth approximately $226,000. Goldman Sachs Group Inc. increased its position in shares of NiCE by 81.7% during the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock worth $35,430,000 after acquiring an additional 103,342 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of NiCE during the first quarter worth $892,000. Woodline Partners LP raised its holdings in shares of NiCE by 18.7% during the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after acquiring an additional 3,178 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in NiCE by 55.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,998 shares of the technology company’s stock valued at $844,000 after acquiring an additional 1,773 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of research reports. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Piper Sandler reaffirmed a “neutral” rating and set a $122.00 price objective on shares of NiCE in a research report on Tuesday, December 23rd. DA Davidson decreased their price objective on NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Citigroup lifted their target price on NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Wedbush downgraded NiCE from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $120.00 in a research report on Monday, December 8th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $159.77.

NiCE Stock Performance

NASDAQ:NICE opened at $103.55 on Tuesday. The stock’s 50-day simple moving average is $111.58 and its 200 day simple moving average is $125.67. The company has a market cap of $6.55 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.58 and a beta of 0.96. NiCE has a 52-week low of $99.00 and a 52-week high of $180.61.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.