Aurora Investment Counsel trimmed its stake in NiCE (NASDAQ:NICE – Free Report) by 48.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,682 shares of the technology company’s stock after selling 6,317 shares during the period. Aurora Investment Counsel’s holdings in NiCE were worth $755,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NICE. Tower Research Capital LLC TRC acquired a new position in NiCE during the 2nd quarter worth about $40,000. Manchester Capital Management LLC acquired a new stake in shares of NiCE in the fourth quarter valued at about $39,000. Legal & General Group Plc bought a new position in shares of NiCE during the second quarter worth about $65,000. Steward Partners Investment Advisory LLC raised its position in shares of NiCE by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company’s stock worth $96,000 after acquiring an additional 106 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of NiCE in the fourth quarter worth approximately $98,000. 63.34% of the stock is owned by institutional investors.
NiCE Stock Performance
Shares of NICE stock opened at $88.71 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 10.52, a PEG ratio of 0.92 and a beta of 0.78. The stock has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $107.36. NiCE has a fifty-two week low of $84.38 and a fifty-two week high of $175.00.
NiCE announced that its board has approved a share repurchase program on Thursday, February 19th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 price target on shares of NiCE in a research report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $155.00 price objective on shares of NiCE in a research report on Wednesday. Finally, Wedbush lowered their target price on shares of NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $132.83.
View Our Latest Analysis on NiCE
NiCE Company Profile
NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.
In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.
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