Menora Mivtachim Holdings LTD. increased its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,660,037 shares of the technology company's stock after purchasing an additional 36,865 shares during the period. NICE accounts for 1.8% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 14th biggest holding. Menora Mivtachim Holdings LTD. owned 2.64% of NICE worth $281,941,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avion Wealth bought a new position in NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its holdings in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Sandy Spring Bank increased its position in NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after purchasing an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NICE in the third quarter worth $41,000. 63.34% of the stock is currently owned by institutional investors.
NICE Stock Up 1.5 %
NICE traded up $2.32 on Tuesday, reaching $154.94. 282,073 shares of the company traded hands, compared to its average volume of 583,678. The company has a market cap of $9.74 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm has a fifty day simple moving average of $154.56 and a two-hundred day simple moving average of $167.79. NICE Ltd. has a one year low of $137.19 and a one year high of $235.71.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results 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 net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, equities analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on NICE shares. Jefferies Financial Group reissued a "hold" rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. DA Davidson lowered their price objective on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Monday. Citigroup dropped their target price on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Rosenblatt Securities decreased their price target on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.43.
View Our Latest Report 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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