NICE Ltd. (NASDAQ:NICE) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC cut its position in NICE Ltd. (NASDAQ:NICE) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,164 shares of the technology company’s stock after selling 1,727 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in NICE were worth $5,123,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in NICE by 49.5% in the 2nd quarter. ProShare Advisors LLC now owns 1,796 shares of the technology company’s stock worth $309,000 after buying an additional 595 shares during the period. Creative Planning boosted its holdings in shares of NICE by 9.9% in the 2nd quarter. Creative Planning now owns 7,391 shares of the technology company’s stock valued at $1,271,000 after acquiring an additional 666 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of NICE by 21.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,708 shares of the technology company’s stock worth $294,000 after acquiring an additional 300 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of NICE during the second quarter worth $595,000. Finally, Davis Capital Management lifted its position in NICE by 7.1% during the third quarter. Davis Capital Management now owns 4,860 shares of the technology company’s stock valued at $844,000 after purchasing an additional 324 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NICE shares. DA Davidson cut their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. Citigroup boosted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities dropped their price objective 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. Finally, Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $253.93.

NICE Stock Performance

Shares of NICE stock opened at $165.00 on Friday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm has a market capitalization of $10.37 billion, a P/E ratio of 25.54, a PEG ratio of 1.16 and a beta of 1.06. The stock’s fifty day moving average is $174.67 and its two-hundred day moving average is $173.85.

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.