Massachusetts Financial Services Co. MA trimmed its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,032,481 shares of the technology company's stock after selling 8,960 shares during the period. Massachusetts Financial Services Co. MA owned about 1.64% of NICE worth $175,357,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc boosted its holdings in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock worth $108,000 after purchasing an additional 66 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after acquiring an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after purchasing an additional 77 shares during the period. Berry Wealth Group LP boosted its position in shares of NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after acquiring an additional 80 shares during the period. Finally, Rothschild Investment LLC increased its holdings in shares of NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after purchasing an additional 80 shares during the period. 63.34% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on NICE shares. Citigroup dropped their price target on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Rosenblatt Securities lowered their price objective on 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 reaffirmed a "hold" rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald cut their target price on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.
Get Our Latest Analysis on NICE
NICE Stock Performance
NASDAQ NICE traded up $11.20 during trading hours on Wednesday, hitting $153.44. The company had a trading volume of 703,546 shares, compared to its average volume of 583,531. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 22.70, a PEG 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 $243.67. The firm has a 50 day simple moving average of $155.96 and a 200 day simple moving average of $168.29.
NICE (NASDAQ:NICE - Get Free Report) last issued 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 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. On average, research analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current 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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