NICE Ltd. (NASDAQ:NICE) Shares Sold by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. trimmed its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,790,628 shares of the technology company's stock after selling 145,087 shares during the period. NICE makes up about 14.4% of Black Creek Investment Management Inc.'s holdings, making the stock its biggest position. Black Creek Investment Management Inc. owned approximately 2.85% of NICE worth $304,120,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in shares of NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after purchasing an additional 4,407 shares during the period. Clear Creek Financial Management LLC grew its holdings in shares of NICE by 106.5% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock worth $731,000 after acquiring an additional 2,219 shares during the period. Kopion Asset Management LLC purchased a new position in NICE in the 4th quarter valued at approximately $7,433,000. Ceera Investments LLC purchased a new stake in NICE during the fourth quarter worth $4,963,000. Finally, CCLA Investment Management increased its position in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock valued at $119,517,000 after buying an additional 87,003 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

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NICE Price Performance

NICE traded down $4.26 during trading hours on Wednesday, reaching $150.68. 354,677 shares of the stock traded hands, compared to its average volume of 584,076. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $235.71. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.07 and a beta of 1.05. The firm's fifty day simple moving average is $154.18 and its two-hundred day simple moving average is $167.67.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DA Davidson dropped their target price on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Monday. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. Citigroup decreased their price target on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Finally, Barclays lowered their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and an average price target 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.