NiCE $NICE Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its stake in shares of NiCE (NASDAQ:NICE) by 5.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 294,422 shares of the technology company’s stock after selling 15,563 shares during the quarter. TimesSquare Capital Management LLC’s holdings in NiCE were worth $42,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in NiCE during the 2nd quarter worth approximately $40,000. Richardson Financial Services Inc. lifted its position in shares of NiCE by 65.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $48,000 after purchasing an additional 130 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of NiCE during the second quarter worth $60,000. Legal & General Group Plc acquired a new position in shares of NiCE during the second quarter worth $65,000. Finally, Hantz Financial Services Inc. raised its stake in NiCE by 1,388.9% in the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after buying an additional 375 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Price Performance

Shares of NiCE stock opened at $103.55 on Friday. The firm’s fifty day simple moving average is $111.63 and its 200-day simple moving average is $126.29. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.58 and a beta of 0.96. NiCE has a 12 month low of $99.00 and a 12 month high of $180.61.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NICE shares. Citizens Jmp dropped their price objective on NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a report on Friday, November 14th. DA Davidson dropped their price target on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Citigroup upped their target price on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 14th. Zacks Research downgraded shares of NiCE from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Morgan Stanley reduced their price target on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, NiCE currently has a consensus rating of “Hold” and a consensus price target of $159.77.

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.