WCM Investment Management LLC Grows Position in NICE Ltd. (NASDAQ:NICE)

WCM Investment Management LLC grew its position in shares of NICE Ltd. (NASDAQ:NICE) by 84.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,246 shares of the technology company’s stock after purchasing an additional 4,239 shares during the quarter. WCM Investment Management LLC’s holdings in NICE were worth $1,577,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NICE. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Berry Wealth Group LP boosted its stake in shares of NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after buying an additional 80 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after acquiring an additional 91 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in NICE by 4.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company’s stock worth $439,000 after acquiring an additional 108 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Trading Up 2.6 %

Shares of NICE stock opened at $173.84 on Tuesday. The company’s 50-day moving average price is $173.06 and its 200-day moving average price is $173.24. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.22 and a beta of 1.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com upgraded NICE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Northland Securities decreased their price target 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. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Citigroup raised their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NICE has an average 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.