Haven Capital Group Inc. acquired a new stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,835 shares of the technology company's stock, valued at approximately $5,577,000. NICE accounts for about 5.2% of Haven Capital Group Inc.'s investment portfolio, making the stock its 6th largest holding. Haven Capital Group Inc. owned about 0.05% of NICE at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NICE. Avion Wealth purchased a new position in NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. lifted its holdings in NICE by 43.8% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NICE during the third quarter valued at approximately $41,000. Finally, R Squared Ltd purchased a new position in NICE during the fourth quarter valued at approximately $51,000. Institutional investors own 63.34% of the company's stock.
NICE Stock Performance
NICE stock traded up $2.78 during mid-day trading on Friday, reaching $156.78. 649,584 shares of the stock traded hands, compared to its average volume of 565,590. NICE Ltd. has a one year low of $137.19 and a one year high of $270.73. The stock has a market capitalization of $9.86 billion, a PE ratio of 23.19, a PEG ratio of 1.07 and a beta of 1.12. The business has a 50-day moving average price of $159.84 and a two-hundred day moving average price of $169.44.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on NICE. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Citigroup lowered their target price on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of NICE in a report on Wednesday. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $231.64.
Get Our Latest Stock Analysis on NICE
About NICE
(
Free Report)
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.
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