CenterBook Partners LP increased its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 374.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,239 shares of the technology company's stock after purchasing an additional 30,181 shares during the quarter. CenterBook Partners LP owned approximately 0.06% of NICE worth $6,495,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of NICE. Sanctuary Advisors LLC increased its position 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 worth $948,000 after acquiring an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC grew its position in NICE by 106.5% during 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 in the last quarter. Kopion Asset Management LLC acquired a new stake in NICE during the 4th quarter valued at $7,433,000. Ceera Investments LLC acquired a new stake in NICE during the 4th quarter valued at $4,963,000. Finally, CCLA Investment Management lifted its holdings 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 purchasing an additional 87,003 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Barclays dropped their target price on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Cantor Fitzgerald reduced their price target on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.64.
Check Out Our Latest Report on NICE
NICE Price Performance
NICE stock traded down $0.04 on Monday, reaching $152.57. 141,685 shares of the company were exchanged, compared to its average volume of 583,026. The stock's fifty day moving average price is $155.35 and its 200 day moving average price is $168.01. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $236.48. The firm has a market capitalization of $9.59 billion, a PE ratio of 22.57, a PEG ratio of 1.07 and a beta of 1.05.
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 the consensus estimate of $2.96 by ($0.71). The firm 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%. As a group, research analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.
About NICE
(
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.
See Also
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
