Azimuth Capital Investment Management LLC lowered its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,494 shares of the technology company's stock after selling 1,805 shares during the quarter. Azimuth Capital Investment Management LLC owned about 0.07% of NICE worth $7,897,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Avion Wealth acquired a new position in NICE in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. increased its position 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 valued at $38,000 after purchasing an additional 67 shares during the period. Sandy Spring Bank raised its position in NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in NICE during the third quarter valued at approximately $41,000. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Stock Performance
NICE traded up $0.54 during midday trading on Monday, hitting $153.15. The company had a trading volume of 121,895 shares, compared to its average volume of 582,956. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $236.48. The firm's 50-day simple moving average is $155.35 and its 200-day simple moving average is $168.01. The company has a market capitalization of $9.63 billion, a PE ratio of 22.66, a P/E/G ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, sell-side analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
NICE has been the topic of a number of analyst reports. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Cantor Fitzgerald dropped their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Citigroup lowered their price target on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Rosenblatt Securities decreased their price target 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. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $231.64.
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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