LBP AM SA trimmed its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,477 shares of the technology company's stock after selling 16,611 shares during the quarter. LBP AM SA's holdings in NICE were worth $2,629,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. CCLA Investment Management raised its stake in NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock valued at $119,517,000 after purchasing an additional 87,003 shares during the last quarter. American Capital Management Inc. raised its stake in NICE by 1.4% in the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company's stock valued at $93,836,000 after purchasing an additional 7,303 shares during the last quarter. Parnassus Investments LLC raised its stake in NICE by 1.5% in the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock valued at $89,794,000 after purchasing an additional 7,635 shares during the last quarter. New South Capital Management Inc. acquired a new position in NICE in the 4th quarter valued at $54,980,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NICE by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company's stock valued at $49,831,000 after purchasing an additional 4,411 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NICE. Jefferies Financial Group restated a "hold" rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Barclays lowered their price target on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of NICE in a report on Wednesday. Rosenblatt Securities lowered their target price on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Cantor Fitzgerald lowered their target price on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.64.
Get Our Latest Stock Analysis on NICE
NICE Stock Up 1.3 %
NASDAQ:NICE traded up $2.02 during mid-day trading on Thursday, reaching $154.00. 623,704 shares of the stock were exchanged, compared to its average volume of 674,328. The company has a 50 day simple moving average of $160.17 and a 200-day simple moving average of $169.67. The stock has a market capitalization of $9.68 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73.
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 (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, research analysts predict that NICE Ltd. will post 9.85 EPS for the current year.
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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