Envestnet Asset Management Inc. increased its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,467 shares of the technology company's stock after buying an additional 4,414 shares during the period. Envestnet Asset Management Inc. owned about 0.20% of NICE worth $21,649,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NICE. Charles Schwab Investment Management Inc. raised its stake in NICE by 34.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,023 shares of the technology company's stock valued at $699,000 after buying an additional 1,034 shares in the last quarter. MML Investors Services LLC increased its stake in NICE by 238.7% during the third quarter. MML Investors Services LLC now owns 7,503 shares of the technology company's stock valued at $1,303,000 after purchasing an additional 5,288 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of NICE during the third quarter worth $24,547,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NICE in the 3rd quarter valued at about $41,000. Finally, Destination Wealth Management bought a new position in NICE in the third quarter worth about $309,000. 63.34% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
NICE has been the subject of several recent research reports. Cantor Fitzgerald lowered their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Rosenblatt Securities cut their target price on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays cut their price objective on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, DA Davidson decreased their price target on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $225.71.
Check Out Our Latest Stock Analysis on NICE
NICE Trading Down 0.6 %
NICE stock traded down $0.93 during mid-day trading on Friday, hitting $149.75. The stock had a trading volume of 335,061 shares, compared to its average volume of 584,694. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $235.71. The stock has a 50-day simple moving average of $153.70 and a two-hundred day simple moving average of $167.51. The stock has a market capitalization of $9.41 billion, a PE ratio of 22.15, a P/E/G ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
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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