Unique Wealth LLC Takes $257,000 Position in NICE Ltd. (NASDAQ:NICE)

Unique Wealth LLC purchased a new stake in NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,515 shares of the technology company’s stock, valued at approximately $257,000.

Several other hedge funds also recently made changes to their positions in the stock. ORG Wealth Partners LLC grew its position in shares of NICE by 116.7% in the fourth quarter. ORG Wealth Partners LLC now owns 468 shares of the technology company’s stock valued at $79,000 after purchasing an additional 252 shares in the last quarter. First Hawaiian Bank lifted its holdings in NICE by 5.9% in the 4th quarter. First Hawaiian Bank now owns 3,362 shares of the technology company’s stock worth $571,000 after buying an additional 187 shares during the period. Fulton Bank N.A. raised its position in shares of NICE by 12.4% in the 4th quarter. Fulton Bank N.A. now owns 1,394 shares of the technology company’s stock worth $237,000 after acquiring an additional 154 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NICE by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 411 shares of the technology company’s stock worth $70,000 after acquiring an additional 166 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of NICE by 11.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,900 shares of the technology company’s stock worth $327,000 after acquiring an additional 192 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of analyst reports. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday. DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Northland Securities dropped their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and an average price target of $259.50.

NICE Stock Up 2.4 %

Shares of NICE stock opened at $165.62 on Tuesday. The stock’s 50-day simple moving average is $178.69 and its 200-day simple moving average is $174.44. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.46 and a beta of 1.06.

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.