M&G PLC Has $8.89 Million Position in NiCE $NICE

M&G PLC cut its stake in shares of NiCE (NASDAQ:NICE) by 99.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,337 shares of the technology company’s stock after selling 19,592,000 shares during the quarter. M&G PLC owned approximately 0.10% of NiCE worth $8,894,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Lakewood Asset Management LLC increased its position in NiCE by 478.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 12,791 shares of the technology company’s stock valued at $1,852,000 after acquiring an additional 10,580 shares in the last quarter. Truist Financial Corp bought a new stake in shares of NiCE during the third quarter valued at approximately $1,230,000. Mediolanum International Funds Ltd increased its holdings in shares of NiCE by 101.7% in the third quarter. Mediolanum International Funds Ltd now owns 44,940 shares of the technology company’s stock valued at $6,578,000 after purchasing an additional 22,664 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in NiCE by 3.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after purchasing an additional 65,420 shares during the last quarter. Finally, Madison Asset Management LLC bought a new position in NiCE in the 3rd quarter worth approximately $1,381,000. Institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price objective on shares of NiCE in a research report on Tuesday, December 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $122.00 price target on shares of NiCE in a research note on Tuesday, December 23rd. Zacks Research lowered NiCE from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Royal Bank Of Canada dropped their price objective on NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Morgan Stanley reduced their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, NiCE currently has a consensus rating of “Hold” and an average price target of $159.77.

NiCE Trading Down 2.0%

NASDAQ:NICE opened at $103.55 on Tuesday. NiCE has a 1-year low of $99.00 and a 1-year high of $180.61. The firm 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. The business’s 50-day moving average price is $111.58 and its two-hundred day moving average price is $125.67.

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.