Aquatic Capital Management LLC boosted its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 34.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,290 shares of the technology company's stock after purchasing an additional 6,190 shares during the quarter. Aquatic Capital Management LLC's holdings in NICE were worth $4,125,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Perspectives Inc boosted its holdings in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after acquiring an additional 66 shares during the period. Richardson Financial Services Inc. grew its holdings in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after buying an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock worth $243,000 after buying an additional 77 shares during the period. Berry Wealth Group LP lifted its holdings in shares of NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock worth $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% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock valued at $87,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.
NICE Price Performance
NASDAQ NICE opened at $155.01 on Monday. The stock's 50 day simple moving average is $150.70 and its 200 day simple moving average is $166.80. NICE Ltd. has a one year low of $137.19 and a one year high of $229.33. The firm has a market cap of $9.75 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last announced 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). The business had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Wednesday, March 19th. Barclays lowered their price target on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Morgan Stanley reduced their price objective on NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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. Finally, Rosenblatt Securities cut their target price on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $224.29.
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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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