CANADA LIFE ASSURANCE Co Trims Stock Position in NICE Ltd. (NASDAQ:NICE)

CANADA LIFE ASSURANCE Co trimmed its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,922 shares of the technology company's stock after selling 10,193 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.15% of NICE worth $16,273,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Financial Perspectives Inc increased its position in NICE by 11.6% during the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after purchasing an additional 66 shares during the period. Richardson Financial Services Inc. lifted its holdings 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 buying an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock worth $243,000 after acquiring an additional 77 shares in the last quarter. Berry Wealth Group LP boosted its position in shares of NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after purchasing an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after buying an additional 80 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NICE has been the subject of several research reports. StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Morgan Stanley lowered their target price on NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup reduced their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Cantor Fitzgerald lowered their price objective 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, Rosenblatt Securities reduced their price objective on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $224.29.

NICE Stock Performance

NASDAQ NICE traded up $0.47 on Friday, hitting $154.99. 198,259 shares of the stock traded hands, compared to its average volume of 584,734. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $229.39. The business's fifty day moving average is $151.13 and its two-hundred day moving average is $166.87.

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 net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. Analysts expect that NICE Ltd. will post 9.85 EPS 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.