6,867 Shares in NICE Ltd. (NASDAQ:NICE) Acquired by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,867 shares of the technology company’s stock, valued at approximately $1,140,000.

Other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in NICE by 6.0% in the 4th quarter. Bogart Wealth LLC now owns 35,135 shares of the technology company’s stock valued at $5,967,000 after acquiring an additional 1,985 shares during the last quarter. Van ECK Associates Corp raised its holdings in NICE by 1.4% in the 4th quarter. Van ECK Associates Corp now owns 22,073 shares of the technology company’s stock valued at $3,749,000 after acquiring an additional 307 shares during the last quarter. Harvey Capital Management Inc. raised its holdings in NICE by 185.6% in the 4th quarter. Harvey Capital Management Inc. now owns 42,836 shares of the technology company’s stock valued at $7,275,000 after acquiring an additional 27,840 shares during the last quarter. Avion Wealth acquired a new position in NICE in the 4th quarter valued at $25,000. Finally, WCM Investment Management LLC raised its holdings in NICE by 84.7% in the 4th quarter. WCM Investment Management LLC now owns 9,246 shares of the technology company’s stock valued at $1,577,000 after acquiring an additional 4,239 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Trading Up 3.7 %

Shares of NICE stock opened at $178.23 on Friday. The company has a fifty day moving average price of $172.14 and a 200 day moving average price of $173.20. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06.

Analysts Set New Price Targets

Several research analysts have weighed in on NICE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Friday, November 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NICE currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

About NICE

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.