Federated Hermes Inc. Raises Holdings in NICE Ltd. (NASDAQ:NICE)

Federated Hermes Inc. boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,828 shares of the technology company's stock after purchasing an additional 3,665 shares during the quarter. Federated Hermes Inc.'s holdings in NICE were worth $4,556,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NICE. Avion Wealth purchased a new position in shares of NICE during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the fourth quarter valued at $25,000. Richardson Financial Services Inc. grew its position 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 during the period. Sandy Spring Bank increased its stake in shares of NICE by 181.3% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of NICE during the 3rd quarter worth about $41,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on NICE. Cantor Fitzgerald cut their price objective on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Rosenblatt Securities reduced 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. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a report on Wednesday, March 19th. Morgan Stanley dropped their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Barclays decreased their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, NICE has an average rating of "Moderate Buy" and an average target price of $225.71.

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NICE Stock Down 2.7 %

NICE stock traded down $4.13 during mid-day trading on Wednesday, hitting $150.81. 317,444 shares of the company were exchanged, compared to its average volume of 582,769. The business has a fifty day simple moving average of $154.56 and a 200-day simple moving average of $167.79. The firm has a market capitalization of $9.48 billion, a P/E ratio of 22.31, a PEG ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $235.71.

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 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 net margin of 16.18% and a return on equity of 16.17%. Research analysts predict that NICE Ltd. will post 9.85 EPS 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.