Broyhill Asset Management Invests $4.40 Million in NICE Ltd. (NASDAQ:NICE)

Broyhill Asset Management bought a new stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,905 shares of the technology company's stock, valued at approximately $4,400,000. NICE comprises 3.9% of Broyhill Asset Management's investment portfolio, making the stock its 6th largest position.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC increased its position in NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after buying an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC raised its position 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 purchasing an additional 2,219 shares during the last quarter. Kopion Asset Management LLC bought a new position in NICE in the 4th quarter worth about $7,433,000. Ceera Investments LLC purchased a new stake in NICE during the 4th quarter valued at about $4,963,000. Finally, CCLA Investment Management increased its stake in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock valued at $119,517,000 after purchasing an additional 87,003 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NICE has been the topic of a number of recent analyst reports. 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. Citigroup dropped 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. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Morgan Stanley cut their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, DA Davidson dropped their price target on NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and a consensus target price of $225.71.

NICE Stock Down 0.6 %

NICE stock traded down $0.93 during midday trading on Friday, hitting $149.75. The company's stock had a trading volume of 335,061 shares, compared to its average volume of 585,984. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $231.67. The company has a 50 day moving average of $153.25 and a two-hundred day moving average of $167.40. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.

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

NICE Company 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.