Allianz SE purchased a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,700 shares of the technology company's stock, valued at approximately $290,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of NICE by 34.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,023 shares of the technology company's stock worth $699,000 after purchasing an additional 1,034 shares during the last quarter. Cerity Partners LLC raised its stake in shares of NICE by 22.6% during the 3rd quarter. Cerity Partners LLC now owns 5,319 shares of the technology company's stock valued at $924,000 after buying an additional 980 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of NICE during the 3rd quarter valued at about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NICE by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company's stock worth $49,831,000 after buying an additional 4,411 shares during the last quarter. Finally, American Capital Management Inc. grew its holdings in NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company's stock worth $93,836,000 after acquiring an additional 7,303 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.
Analyst Ratings Changes
NICE has been the topic of several recent research reports. Citigroup lowered their price objective on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Jefferies Financial Group reissued a "hold" rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Rosenblatt Securities cut their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Finally, Barclays cut their price target on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $231.64.
Read Our Latest Stock Analysis on NICE
NICE Stock Down 6.0 %
Shares of NICE stock traded down $9.04 during mid-day trading on Friday, hitting $141.30. The stock had a trading volume of 527,229 shares, compared to its average volume of 578,438. The firm has a 50-day moving average of $157.89 and a two-hundred day moving average of $168.88. The firm has a market cap of $8.88 billion, a P/E ratio of 20.90, 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 $250.57.
NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share 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.
Further Reading
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
