TimesSquare Capital Management LLC Sells 16,702 Shares of NICE Ltd. (NASDAQ:NICE)

TimesSquare Capital Management LLC reduced its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 315,528 shares of the technology company's stock after selling 16,702 shares during the quarter. TimesSquare Capital Management LLC owned 0.50% of NICE worth $53,589,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Avion Wealth bought a new position in NICE in the 4th quarter worth about $25,000. Richardson Financial Services Inc. increased its stake in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NICE during the 3rd quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Trading Up 1.2 %

NASDAQ NICE traded up $1.80 on Friday, hitting $155.39. The company's stock had a trading volume of 1,391,999 shares, compared to its average volume of 598,518. NICE Ltd. has a 52-week low of $147.38 and a 52-week high of $270.73. The company's 50-day simple moving average is $170.08 and its 200 day simple moving average is $172.91. The firm has a market cap of $9.77 billion, a P/E ratio of 24.05, a PEG ratio of 1.25 and a beta of 1.06.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 15.31% and a net margin of 16.11%. The business had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. On average, research analysts forecast that NICE Ltd. will post 8.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NICE has been the topic of several recent research reports. Oppenheimer lowered NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday. Cantor Fitzgerald reduced their price objective on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday. Barclays reduced their price objective on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, DA Davidson reduced their price objective on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $239.60.

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.