abrdn plc Sells 10,367 Shares of NICE Ltd. (NASDAQ:NICE)

abrdn plc lowered its position in shares of NICE Ltd. (NASDAQ:NICE) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 179,523 shares of the technology company’s stock after selling 10,367 shares during the quarter. abrdn plc’s holdings in NICE were worth $30,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NICE. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of NICE by 21.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after buying an additional 279,375 shares in the last quarter. Perpetual Ltd bought a new position in shares of NICE during the 4th quarter worth approximately $31,792,000. World Investment Advisors LLC bought a new position in shares of NICE during the 3rd quarter worth approximately $24,547,000. Bruni J V & Co. Co. bought a new position in shares of NICE during the 3rd quarter worth approximately $22,849,000. Finally, Swedbank AB lifted its position in shares of NICE by 201.7% during the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock worth $24,470,000 after buying an additional 94,200 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

NICE has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Friday, November 15th. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. DA Davidson lowered their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Citigroup lifted their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.93.

NICE Stock Up 2.2 %

NICE stock opened at $173.15 on Thursday. The company has a market capitalization of $10.89 billion, a PE ratio of 26.80, a P/E/G ratio of 1.16 and a beta of 1.06. The firm has a fifty day simple moving average of $173.65 and a two-hundred day simple moving average of $173.50. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73.

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.