Neuberger Berman Group LLC grew its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,969 shares of the technology company's stock after acquiring an additional 80,236 shares during the period. Neuberger Berman Group LLC owned about 0.72% of NICE worth $77,102,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of NICE during the 4th quarter valued at about $313,808,000. Boston Partners lifted its holdings in shares of NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after purchasing an additional 151,528 shares during the last quarter. CCLA Investment Management grew its stake in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after buying an additional 87,003 shares during the last quarter. FIL Ltd acquired a new stake in NICE in the fourth quarter worth $70,465,000. Finally, Platinum Investment Management Ltd. lifted its stake in NICE by 40.9% in the fourth quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company's stock valued at $68,838,000 after buying an additional 117,631 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.
NICE Stock Performance
Shares of NICE stock traded up $1.81 on Tuesday, reaching $154.43. The stock had a trading volume of 161,528 shares, compared to its average volume of 582,029. The business's 50-day moving average price is $154.94 and its two-hundred day moving average price is $167.88. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $236.48. The stock has a market cap of $9.71 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. As a group, equities analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on NICE. Cantor Fitzgerald dropped their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. DA Davidson decreased their target price on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Monday. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Citigroup lowered their price target 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, Jefferies Financial Group restated a "hold" rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.43.
Read 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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