Abacus FCF Advisors LLC acquired a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,866 shares of the technology company's stock, valued at approximately $487,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Perspectives Inc boosted its position in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock worth $108,000 after purchasing an additional 66 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in shares of 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 buying an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in NICE by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after purchasing an additional 77 shares during the period. Berry Wealth Group LP lifted its position in NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after buying an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in shares of NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after purchasing an additional 80 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on NICE shares. Citigroup decreased their target price on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Barclays dropped their price target on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Cantor Fitzgerald reduced their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Rosenblatt Securities decreased their price objective 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. Four equities research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $231.64.
Check Out Our Latest Research Report on NICE
NICE Stock Up 0.4 %
Shares of NASDAQ NICE traded up $0.54 during midday trading on Monday, hitting $153.15. The stock had a trading volume of 121,895 shares, compared to its average volume of 582,954. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $236.48. The company has a fifty day moving average price of $155.35 and a 200 day moving average price of $168.01. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 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 analyst estimates of $718.47 million. On average, research analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.
NICE Company Profile
(
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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