NFJ Investment Group LLC lowered its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,078 shares of the technology company's stock after selling 3,766 shares during the period. NFJ Investment Group LLC owned about 0.07% of NICE worth $6,977,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Financial Perspectives Inc lifted its stake in NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after buying an additional 66 shares during the last quarter. Richardson Financial Services Inc. increased its stake in 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 during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of NICE by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after buying an additional 77 shares during the last quarter. Berry Wealth Group LP boosted its stake in shares of NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock worth $274,000 after buying an additional 80 shares during the period. Finally, Rothschild Investment LLC increased its position in NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock valued at $87,000 after acquiring an additional 80 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Stock Up 1.6 %
Shares of NICE traded up $2.29 on Tuesday, hitting $146.09. 86,129 shares of the stock traded hands, compared to its average volume of 583,686. The firm has a market capitalization of $9.18 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $231.67. The stock's 50 day moving average is $152.69 and its two-hundred day moving average is $167.23.
NICE (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Research analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NICE. 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. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Cantor Fitzgerald reduced their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Citigroup dropped their target price on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Barclays reduced 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. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.71.
Check Out Our Latest Report on NICE
About NICE
(
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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