NICE Ltd. (NASDAQ:NICE) Shares Acquired by Boston Partners

Boston Partners grew its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,670,327 shares of the technology company's stock after acquiring an additional 151,528 shares during the quarter. Boston Partners owned about 2.66% of NICE worth $283,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Avion Wealth purchased a new position in NICE during the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC bought a new stake in shares of NICE in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. lifted its position in NICE by 43.8% in the fourth 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NICE during the third quarter valued at about $41,000. Finally, R Squared Ltd bought a new position in NICE during the 4th quarter valued at approximately $51,000. 63.34% of the stock is owned by institutional investors.

NICE Stock Performance

NASDAQ NICE traded up $2.78 during trading on Friday, reaching $156.78. The company's stock had a trading volume of 649,584 shares, compared to its average volume of 565,960. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The business's fifty day moving average price is $159.84 and its 200-day moving average price is $169.46. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.07 and a beta of 1.12.

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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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $718.47 million. As a group, sell-side analysts forecast that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NICE shares. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Rosenblatt Securities cut their price target on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Citigroup cut their price target on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Wednesday. Finally, Cantor Fitzgerald dropped their price target on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, NICE currently has an average rating of "Moderate Buy" and a consensus target price of $231.64.

About NICE

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.