Barrow Hanley Mewhinney & Strauss LLC Takes Position in NICE Ltd. (NASDAQ:NICE)

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,847,670 shares of the technology company's stock, valued at approximately $313,808,000. Barrow Hanley Mewhinney & Strauss LLC owned 2.94% of NICE as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Avion Wealth acquired a new position in shares of NICE in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new position in NICE in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. grew 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 worth $38,000 after purchasing an additional 67 shares in the last quarter. Sandy Spring Bank raised its stake in NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after purchasing an additional 145 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NICE in the third quarter worth $41,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NICE. Barclays decreased their price objective on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Jefferies Financial Group reissued a "hold" rating and set a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Citigroup dropped their target price on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $231.64.

NICE Trading Down 4.7 %

NASDAQ:NICE traded down $7.43 during mid-day trading on Thursday, hitting $150.27. 146,279 shares of the company's stock traded hands, compared to its average volume of 574,685. The firm has a 50 day moving average of $158.52 and a two-hundred day moving average of $169.15. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $256.42.

NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. As a group, equities research analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.

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.