New York State Common Retirement Fund Decreases Stock Holdings in NICE Ltd. (NASDAQ:NICE)

New York State Common Retirement Fund lowered its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,267 shares of the technology company's stock after selling 2,959 shares during the quarter. New York State Common Retirement Fund owned 0.14% of NICE worth $14,652,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company's stock worth $273,642,000 after purchasing an additional 279,375 shares during the period. CCLA Investment Management boosted its position in shares of NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after acquiring an additional 87,003 shares during the last quarter. American Capital Management Inc. boosted its position in shares of NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company's stock worth $93,836,000 after acquiring an additional 7,303 shares during the last quarter. Parnassus Investments LLC increased its holdings in NICE by 1.5% in the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock valued at $89,794,000 after acquiring an additional 7,635 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NICE by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company's stock valued at $49,831,000 after acquiring an additional 4,411 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Trading Down 1.3 %

Shares of NASDAQ NICE traded down $1.90 during midday trading on Thursday, hitting $142.99. The company's stock had a trading volume of 889,433 shares, compared to its average volume of 653,817. The business's 50 day moving average is $168.07 and its two-hundred day moving average is $172.70. NICE Ltd. has a 12-month low of $142.77 and a 12-month high of $270.73. The firm has a market cap of $8.99 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE - Get Free Report) last released its earnings results 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). The business had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, analysts predict that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NICE shares. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Piper Sandler reaffirmed a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, November 15th. Citigroup cut their target price on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday. Finally, Oppenheimer downgraded shares of NICE from an "outperform" rating to a "market perform" rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.64.

About NICE

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.