Mitsubishi UFJ Asset Management Co. Ltd. Has $630,000 Holdings in NICE Ltd. (NASDAQ:NICE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 706.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,708 shares of the technology company's stock after purchasing an additional 3,248 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in NICE were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Banco BTG Pactual S.A. lifted its holdings in NICE by 41.4% in the fourth quarter. Banco BTG Pactual S.A. now owns 4,100 shares of the technology company's stock valued at $695,000 after buying an additional 1,200 shares during the period. LPL Financial LLC raised its position in shares of NICE by 86.9% during the 4th quarter. LPL Financial LLC now owns 27,136 shares of the technology company's stock valued at $4,609,000 after acquiring an additional 12,616 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in shares of NICE by 12.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 3,045 shares of the technology company's stock valued at $517,000 after purchasing an additional 345 shares during the period. Fox Run Management L.L.C. bought a new position in shares of NICE in the 4th quarter worth $1,284,000. Finally, Quantbot Technologies LP bought a new position in shares of NICE in the 4th quarter worth $117,000. Institutional investors own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Rosenblatt Securities dropped their price objective on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. 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. Barclays lowered their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Finally, Citigroup decreased their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NICE presently has an average rating of "Moderate Buy" and an average price target of $231.64.

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NICE Price Performance

NASDAQ:NICE traded up $5.80 during trading hours on Monday, reaching $147.10. 894,852 shares of the stock were exchanged, compared to its average volume of 580,639. The stock has a market cap of $9.25 billion, a PE ratio of 21.76, a PEG ratio of 1.07 and a beta of 1.05. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $245.19. The firm has a 50 day moving average of $157.42 and a 200 day moving average of $168.84.

NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results 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 business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. Equities research analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.

NICE Profile

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.