NICE Ltd. (NASDAQ:NICE) Holdings Lessened by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd decreased its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,802,822 shares of the technology company's stock after selling 61,709 shares during the period. NICE makes up 2.8% of Clal Insurance Enterprises Holdings Ltd's investment portfolio, making the stock its 7th largest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 2.87% of NICE worth $306,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its position in NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after buying an additional 4,407 shares during the period. Bruni J V & Co. Co. bought a new position in shares of NICE in the 3rd quarter worth about $22,849,000. Asset Management One Co. Ltd. lifted its position in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company's stock valued at $8,200,000 after acquiring an additional 5,629 shares during the period. Clear Creek Financial Management LLC boosted its stake in NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock worth $731,000 after acquiring an additional 2,219 shares in the last quarter. Finally, Kopion Asset Management LLC purchased a new stake in NICE in the fourth quarter worth about $7,433,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NICE shares. Jefferies Financial Group reiterated a "hold" rating and set a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Piper Sandler reiterated a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Royal Bank of Canada cut their target price on NICE from $260.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Oppenheimer lowered NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, Citigroup dropped their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, NICE has an average rating of "Moderate Buy" and a consensus target price of $231.64.

NICE Price Performance

Shares of NASDAQ NICE traded up $3.64 during mid-day trading on Wednesday, reaching $148.26. The company's stock had a trading volume of 630,694 shares, compared to its average volume of 689,656. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $270.73. The stock has a fifty day moving average of $165.40 and a two-hundred day moving average of $172.04. The firm has a market capitalization of $9.32 billion, a PE ratio of 21.93, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly 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). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. Analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.

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.