Altshuler Shaham Ltd Lowers Stake in NICE Ltd. (NASDAQ:NICE)

Altshuler Shaham Ltd trimmed its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 74.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,831 shares of the technology company's stock after selling 5,233 shares during the period. Altshuler Shaham Ltd's holdings in NICE were worth $312,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Avion Wealth bought a new stake in shares of NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE in the fourth quarter worth about $25,000. Anchor Investment Management LLC lifted its stake in NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after buying an additional 67 shares in the last quarter. Finally, Sandy Spring Bank grew its position in NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Performance

NASDAQ:NICE traded up $3.48 during trading hours on Tuesday, reaching $147.28. The company's stock had a trading volume of 110,776 shares, compared to its average volume of 583,805. The firm has a 50-day simple moving average of $152.69 and a 200-day simple moving average of $167.23. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $231.67. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.07 and a beta of 1.05.

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

Analysts Set New Price Targets

NICE has been the subject of several recent research reports. Morgan Stanley lowered their price objective on NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities decreased their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Barclays decreased their price objective on shares of 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 restated an "outperform" rating and set a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. Finally, Cantor Fitzgerald cut their price target on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $225.71.

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 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.