Bessemer Group Inc. cut its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,121,531 shares of the technology company's stock after selling 27,243 shares during the quarter. Bessemer Group Inc. owned 1.78% of NICE worth $190,480,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of NICE during the 4th quarter worth about $313,808,000. Boston Partners raised its position in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after purchasing an additional 151,528 shares in the last quarter. CCLA Investment Management lifted its stake in NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after purchasing an additional 87,003 shares during the period. FIL Ltd acquired a new stake in NICE during the fourth quarter valued at approximately $70,465,000. Finally, Platinum Investment Management Ltd. grew its stake in shares of NICE by 40.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company's stock valued at $68,838,000 after purchasing an additional 117,631 shares during the period. 63.34% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on NICE shares. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Rosenblatt Securities reduced their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. Citigroup reduced their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.
View Our Latest Report on NICE
NICE Trading Down 0.0 %
Shares of NICE traded down $0.04 on Monday, reaching $152.57. 141,685 shares of the company's stock were exchanged, compared to its average volume of 583,026. The business has a 50 day moving average price of $155.35 and a two-hundred day moving average price of $168.01. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $236.48. The stock has a market capitalization of $9.59 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. Equities research analysts predict that NICE Ltd. will post 9.85 EPS for the current year.
NICE 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.
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