HMI Capital Management L.P. raised its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,642,770 shares of the technology company's stock after acquiring an additional 186,600 shares during the period. NICE comprises about 14.0% of HMI Capital Management L.P.'s investment portfolio, making the stock its largest holding. HMI Capital Management L.P. owned about 2.61% of NICE worth $279,008,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its position in shares of NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after buying an additional 4,407 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock worth $731,000 after buying an additional 2,219 shares during the period. Kopion Asset Management LLC acquired a new position in shares of NICE during the fourth quarter worth about $7,433,000. Ceera Investments LLC acquired a new position in shares of NICE during the fourth quarter worth about $4,963,000. Finally, CCLA Investment Management boosted its position in shares of NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after buying an additional 87,003 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Stock Performance
Shares of NASDAQ NICE traded up $1.16 during trading hours on Monday, reaching $156.17. 197,971 shares of the stock were exchanged, compared to its average volume of 585,498. The stock's fifty day simple moving average is $150.25 and its 200 day simple moving average is $166.70. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $229.33.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. Research analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. DA Davidson reduced their price objective on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley dropped their target price on NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities dropped their target price on NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday. Cantor Fitzgerald dropped their target price on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Barclays dropped their target price on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $224.29.
Check Out Our Latest Analysis on NICE
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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