Blair William & Co. IL reduced its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,957 shares of the technology company's stock after selling 4,273 shares during the period. Blair William & Co. IL's holdings in NICE were worth $332,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of NICE by 34.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,023 shares of the technology company's stock worth $699,000 after buying an additional 1,034 shares during the last quarter. Zacks Investment Management increased its holdings in shares of NICE by 92.9% in the 3rd quarter. Zacks Investment Management now owns 5,840 shares of the technology company's stock worth $1,014,000 after buying an additional 2,813 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of NICE in the 3rd quarter worth about $647,000. World Investment Advisors LLC bought a new stake in shares of NICE in the 3rd quarter worth about $24,547,000. Finally, MML Investors Services LLC grew its holdings in NICE by 238.7% during the 3rd quarter. MML Investors Services LLC now owns 7,503 shares of the technology company's stock valued at $1,303,000 after purchasing an additional 5,288 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.
NICE Price Performance
Shares of NICE stock traded down $2.18 during trading on Thursday, reaching $151.26. The company's stock had a trading volume of 56,221 shares, compared to its average volume of 644,348. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.07 and a beta of 1.05. The stock's 50-day moving average price is $155.96 and its 200 day moving average price is $168.29. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $243.66.
NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly 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 firm had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. On average, 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 several analyst reports. Barclays cut their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Citigroup cut their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Cantor Fitzgerald cut their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, NICE currently has an average rating of "Moderate Buy" and an average price target of $231.64.
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NICE Company 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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