J. Safra Sarasin Holding AG grew its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,076 shares of the technology company's stock after purchasing an additional 20,922 shares during the period. J. Safra Sarasin Holding AG owned about 0.17% of NICE worth $18,356,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of NICE during the 4th quarter valued at $313,808,000. Boston Partners increased its holdings in NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after buying an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in shares of NICE by 2.3% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after acquiring an additional 36,865 shares during the period. CCLA Investment Management boosted its position in shares of NICE by 14.1% during the 4th 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 in the last quarter. Finally, Neuberger Berman Group LLC raised its position in NICE by 21.5% during the fourth quarter. Neuberger Berman Group LLC now owns 453,969 shares of the technology company's stock valued at $77,102,000 after purchasing an additional 80,236 shares in the last quarter. 63.34% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
NICE has been the subject of a number of research analyst reports. Citigroup lowered their price target on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. 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 report on Friday, February 21st. Rosenblatt Securities dropped their price objective on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday. Finally, DA Davidson lowered 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, April 14th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and an average target price of $224.29.
View Our Latest Analysis on NICE
NICE Trading Up 0.3 %
NASDAQ NICE traded up $0.49 during trading hours on Friday, hitting $155.01. 198,261 shares of the company's stock were exchanged, compared to its average volume of 584,734. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.07 and a beta of 1.05. The stock has a 50-day simple moving average of $151.13 and a 200 day simple moving average of $166.87. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $229.39.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 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 company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. On average, sell-side analysts anticipate 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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