Zacks Investment Management trimmed its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 64.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,058 shares of the technology company's stock after selling 3,782 shares during the quarter. Zacks Investment Management's holdings in NICE were worth $350,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE during the fourth quarter worth about $313,808,000. Boston Partners grew its stake in NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after acquiring an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in NICE by 2.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock valued at $281,941,000 after purchasing an additional 36,865 shares in the last quarter. CCLA Investment Management lifted its stake in NICE by 14.1% in 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. Finally, Neuberger Berman Group LLC raised its stake in NICE by 21.5% in the 4th quarter. Neuberger Berman Group LLC now owns 453,969 shares of the technology company's stock valued at $77,102,000 after purchasing an additional 80,236 shares during the last quarter. Institutional investors own 63.34% of the company's stock.
NICE Trading Up 2.9 %
Shares of NASDAQ:NICE traded up $4.33 on Wednesday, hitting $151.40. The company had a trading volume of 281,564 shares, compared to its average volume of 584,660. The business has a 50 day moving average of $152.07 and a 200 day moving average of $167.09. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $231.67. The company has a market cap of $9.52 billion, a PE ratio of 22.40, a PEG ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities analysts predict that NICE Ltd. will post 9.85 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on NICE. Rosenblatt Securities decreased their price objective on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Citigroup reduced their price objective on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Cantor Fitzgerald decreased their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, NICE has an average rating of "Moderate Buy" and a consensus target price of $225.71.
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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