D.A. Davidson & CO. cut its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 25.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,350 shares of the technology company's stock after selling 6,598 shares during the quarter. D.A. Davidson & CO.'s holdings in NICE were worth $3,286,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of NICE by 2.9% during the 3rd quarter. Creative Planning now owns 7,608 shares of the technology company's stock valued at $1,321,000 after purchasing an additional 217 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of NICE by 19.2% during the 3rd quarter. Blue Trust Inc. now owns 1,016 shares of the technology company's stock valued at $175,000 after purchasing an additional 164 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in NICE by 52.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company's stock worth $318,000 after acquiring an additional 627 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in NICE in the 3rd quarter worth $3,348,000. 63.34% of the stock is owned by hedge funds and other institutional investors.
NICE Stock Up 1.2 %
NASDAQ:NICE traded up $1.80 on Friday, reaching $155.39. 1,391,999 shares of the company's stock were exchanged, compared to its average volume of 598,518. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. The business has a fifty day moving average of $170.71 and a 200-day moving average of $173.01. NICE Ltd. has a 52-week low of $147.38 and a 52-week high of $270.73.
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). The business had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a return on equity of 15.31% and a net margin of 16.11%. As a group, equities analysts anticipate that NICE Ltd. will post 8.82 earnings per share for the current year.
Analyst Upgrades and Downgrades
NICE has been the topic of several recent research reports. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday. Citigroup lowered their target price on shares of NICE from $315.00 to $279.00 and set a "buy" rating on the stock in a research note on Tuesday. Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada lowered their price target on shares of NICE from $260.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $239.60.
Read Our Latest Report on NICE
NICE 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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