Lazard Asset Management LLC Has $207.24 Million Stake in NiCE $NICE

Lazard Asset Management LLC lifted its position in shares of NiCE (NASDAQ:NICE) by 116.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,226,920 shares of the technology company’s stock after buying an additional 659,170 shares during the quarter. Lazard Asset Management LLC owned about 1.94% of NiCE worth $207,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NICE. Richardson Financial Services Inc. boosted its position in NiCE by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after acquiring an additional 99 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of NiCE in the 2nd quarter valued at about $60,000. Legal & General Group Plc bought a new stake in shares of NiCE during the 2nd quarter valued at about $65,000. Hantz Financial Services Inc. boosted its position in shares of NiCE by 1,388.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after purchasing an additional 375 shares in the last quarter. Finally, Capital Analysts LLC acquired a new stake in NiCE during the first quarter worth approximately $69,000. Institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

NICE has been the topic of a number of research analyst reports. Citigroup increased their price target on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 14th. JMP Securities set a $200.00 target price on shares of NiCE in a research note on Friday, November 14th. Jefferies Financial Group reduced their price target on shares of NiCE from $152.00 to $136.00 and set a “hold” rating for the company in a report on Tuesday, November 18th. Barclays dropped their price objective on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.38.

NiCE Trading Up 0.3%

NiCE stock opened at $109.24 on Friday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01. The firm’s fifty day moving average price is $121.89 and its two-hundred day moving average price is $143.30. NiCE has a 1-year low of $99.00 and a 1-year high of $193.42.

NiCE 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 enables 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.