B. Riley Wealth Advisors Inc. Increases Holdings in NICE Ltd. (NASDAQ:NICE)

B. Riley Wealth Advisors Inc. grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,900 shares of the technology company’s stock after acquiring an additional 192 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NICE were worth $327,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after buying an additional 279,375 shares during the last quarter. Black Creek Investment Management Inc. increased its holdings in NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares in the last quarter. Vulcan Value Partners LLC raised its position in NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after buying an additional 394,715 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NICE by 12.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock valued at $181,693,000 after acquiring an additional 117,749 shares during the period. Finally, RGM Capital LLC boosted its holdings in shares of NICE by 12.5% during the 2nd quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock valued at $180,759,000 after acquiring an additional 116,629 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Trading Up 0.3 %

Shares of NASDAQ:NICE opened at $176.02 on Friday. The stock has a 50 day moving average of $180.70 and a 200 day moving average of $174.10. The company has a market cap of $11.07 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NICE shares. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Northland Securities dropped their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, DA Davidson lowered their target price on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.50.

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.