Summit Global Investments lowered its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,936 shares of the technology company's stock after selling 3,174 shares during the period. Summit Global Investments' holdings in NICE were worth $1,008,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after acquiring an additional 4,407 shares during the period. Clear Creek Financial Management LLC raised its stake in shares of NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock valued at $731,000 after purchasing an additional 2,219 shares during the period. Kopion Asset Management LLC purchased a new stake in NICE during the 4th quarter worth about $7,433,000. Ceera Investments LLC bought a new position in NICE in the 4th quarter worth about $4,963,000. Finally, CCLA Investment Management grew its holdings in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock valued at $119,517,000 after buying an additional 87,003 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
NICE Stock Performance
NICE traded down $0.23 during midday trading on Thursday, hitting $158.83. The stock had a trading volume of 631,472 shares, compared to its average volume of 567,119. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $262.56. The business has a fifty day moving average of $159.28 and a 200 day moving average of $169.38. The company has a market cap of $9.99 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The business had revenue of $721.60 million during 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%. On average, equities research analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.
Analysts Set New Price Targets
NICE has been the topic of a number of recent analyst reports. Rosenblatt Securities lowered their price target 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. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Cantor Fitzgerald reduced their price target 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 lowered their price objective 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 set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $231.64.
Read Our Latest Research 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.
Further Reading
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
