Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 72,976 shares of the technology company's stock after purchasing an additional 5,230 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.12% of NICE worth $12,394,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in NICE. Avion Wealth bought a new stake in shares of NICE during the fourth quarter valued at about $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. increased its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares during the period. Sandy Spring Bank lifted its stake in NICE by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after purchasing an additional 145 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of NICE in the third quarter worth $41,000. Hedge funds and other institutional investors own 63.34% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NICE. Citigroup lowered their price target on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. 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, February 21st. StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Barclays reduced their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.
Check Out Our Latest Stock Report on NICE
NICE Price Performance
NICE stock traded up $0.71 during trading on Friday, reaching $149.74. The company had a trading volume of 100,023 shares, compared to its average volume of 582,440. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $243.67. The business has a 50 day moving average of $155.68 and a 200 day moving average of $168.14. The company has a market cap of $9.41 billion, a P/E ratio of 22.23, a PEG ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last announced its 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). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. Research analysts expect that NICE Ltd. will post 9.85 earnings per share for the current 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.
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