Retireful LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Retireful LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,405 shares of the technology company’s stock, valued at approximately $239,000.

A number of other hedge funds have also made changes to their positions in the business. Rhumbline Advisers boosted its holdings in NICE by 8.7% in the second quarter. Rhumbline Advisers now owns 3,358 shares of the technology company’s stock valued at $577,000 after purchasing an additional 269 shares in the last quarter. Choreo LLC purchased a new stake in shares of NICE during the 2nd quarter worth approximately $211,000. American Century Companies Inc. boosted its holdings in shares of NICE by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock valued at $786,000 after buying an additional 289 shares in the last quarter. Federated Hermes Inc. grew its position in shares of NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company’s stock valued at $3,209,000 after buying an additional 2,124 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in NICE during the 2nd quarter worth $18,529,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Down 1.8 %

Shares of NASDAQ:NICE opened at $164.20 on Friday. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm’s 50-day simple moving average is $178.06 and its 200-day simple moving average is $174.30. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.13 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NICE. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Monday. DA Davidson decreased their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Citigroup lifted their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

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.