Fox Run Management L.L.C. Purchases Shares of 7,561 NICE Ltd. (NASDAQ:NICE)

Fox Run Management L.L.C. acquired a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,561 shares of the technology company's stock, valued at approximately $1,284,000.

A number of other institutional investors have also recently bought and sold shares of NICE. Boston Partners boosted its holdings in shares of NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after buying an additional 151,528 shares during the last quarter. CCLA Investment Management raised its position in NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after acquiring an additional 87,003 shares during the period. American Capital Management Inc. boosted its stake in NICE by 1.4% in the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company's stock valued at $93,836,000 after acquiring an additional 7,303 shares during the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of NICE by 40.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company's stock worth $68,838,000 after purchasing an additional 117,631 shares during the period. Finally, New South Capital Management Inc. bought a new stake in shares of NICE in the fourth quarter valued at $54,980,000. Institutional investors own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NICE shares. Barclays cut their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Rosenblatt Securities reduced their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Jefferies Financial Group restated a "hold" rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Wednesday, March 19th. Finally, StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, NICE presently has a consensus rating of "Moderate Buy" and an average target price of $231.64.

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NICE Trading Up 1.2 %

Shares of NICE stock traded up $1.93 on Tuesday, hitting $158.10. 242,962 shares of the company traded hands, compared to its average volume of 567,140. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $270.73. The company has a market cap of $9.94 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.07 and a beta of 1.12. The firm's 50-day simple moving average is $159.65 and its 200 day simple moving average is $169.45.

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 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 firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. Analysts predict that NICE Ltd. will post 9.85 earnings per share for the current 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.