FIL Ltd acquired a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 414,888 shares of the technology company's stock, valued at approximately $70,465,000. FIL Ltd owned approximately 0.66% of NICE as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in NICE. Charles Schwab Investment Management Inc. raised its position 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 worth $699,000 after acquiring an additional 1,034 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NICE in the 3rd quarter valued at about $647,000. MML Investors Services LLC grew its holdings in NICE by 238.7% during the third quarter. MML Investors Services LLC now owns 7,503 shares of the technology company's stock worth $1,303,000 after purchasing an additional 5,288 shares during the period. Public Employees Retirement System of Ohio bought a new stake in NICE in the third quarter valued at approximately $6,438,000. Finally, TD Private Client Wealth LLC lifted its position in shares of NICE by 21.6% in the third quarter. TD Private Client Wealth LLC now owns 2,161 shares of the technology company's stock valued at $375,000 after buying an additional 384 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.
NICE Price Performance
NASDAQ NICE traded up $2.75 during trading hours on Tuesday, reaching $155.37. 121,661 shares of the stock traded hands, compared to its average volume of 581,901. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The stock has a 50 day simple moving average of $154.94 and a two-hundred day simple moving average of $167.88. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $236.48.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data 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). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, sell-side analysts forecast that NICE Ltd. will post 9.85 EPS for the current fiscal year.
Analysts Set New Price Targets
NICE has been the topic of several research reports. Citigroup decreased their target price on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Barclays decreased their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. 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 report on Friday, February 21st. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NICE currently has an average rating of "Moderate Buy" and an average price target of $228.43.
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NICE Company 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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