WCM Investment Management LLC Has $1.58 Million Position in NICE Ltd. (NASDAQ:NICE)

WCM Investment Management LLC boosted its holdings in NICE Ltd. (NASDAQ:NICE) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,246 shares of the technology company’s stock after buying an additional 4,239 shares during the quarter. WCM Investment Management LLC’s holdings in NICE were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised 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 worth $26,000 after acquiring an additional 100 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in NICE during the 3rd quarter valued at approximately $38,000. Richardson Financial Services Inc. increased its position in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after purchasing an additional 67 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of NICE in the 3rd quarter worth approximately $41,000. Finally, GAMMA Investing LLC boosted its stake in shares of NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Northland Securities lowered their target price 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. DA Davidson lowered their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Citigroup boosted their price target on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Price Performance

Shares of NASDAQ NICE opened at $173.84 on Tuesday. The company has a 50-day moving average price of $173.06 and a 200-day moving average price of $173.24. The stock has a market capitalization of $10.93 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.22 and a beta of 1.06. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73.

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.