Asset Management One Co. Ltd. lowered its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,599 shares of the technology company's stock after selling 1,615 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of NICE worth $7,909,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Richardson Financial Services Inc. grew its position in 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 acquiring an additional 67 shares during the last quarter. Berry Wealth Group LP boosted its stake 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 valued at $274,000 after purchasing an additional 80 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock worth $48,000 after purchasing an additional 91 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in NICE by 4.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,530 shares of the technology company's stock valued at $439,000 after buying an additional 108 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.
NICE Stock Up 1.2 %
NICE traded up $1.80 during midday trading on Friday, hitting $155.39. The company had a trading volume of 1,391,999 shares, compared to its average volume of 598,518. The stock's 50 day moving average price is $170.08 and its 200 day moving average price is $172.91. NICE Ltd. has a 52 week low of $147.38 and a 52 week high of $270.73. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.25 and a beta of 1.06.
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 analysts' consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. NICE had a net margin of 16.11% and a return on equity of 15.31%. Research analysts predict that NICE Ltd. will post 8.82 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NICE. Royal Bank of Canada reduced their target price on shares of NICE from $260.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Rosenblatt Securities cut their target price on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday. Finally, DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, November 15th. 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.60.
View Our Latest Research Report 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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