Norges Bank acquired a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 40,000 shares of the technology company's stock, valued at approximately $6,794,000. Norges Bank owned 0.06% of NICE at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of NICE by 706.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,708 shares of the technology company's stock valued at $630,000 after purchasing an additional 3,248 shares during the period. Banco BTG Pactual S.A. boosted its holdings in NICE by 41.4% in the fourth quarter. Banco BTG Pactual S.A. now owns 4,100 shares of the technology company's stock valued at $695,000 after purchasing an additional 1,200 shares during the last quarter. LPL Financial LLC increased its holdings in NICE by 86.9% during the 4th quarter. LPL Financial LLC now owns 27,136 shares of the technology company's stock worth $4,609,000 after purchasing an additional 12,616 shares during the last quarter. Samalin Investment Counsel LLC raised its position in shares of NICE by 12.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 3,045 shares of the technology company's stock valued at $517,000 after purchasing an additional 345 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of NICE during the 4th quarter valued at approximately $1,284,000. 63.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on NICE shares. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Rosenblatt Securities reduced their price target on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. Cantor Fitzgerald cut their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Barclays decreased their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $231.64.
Read Our Latest Report on NICE
NICE Stock Up 1.1 %
NASDAQ NICE traded up $1.66 on Monday, reaching $154.27. The company had a trading volume of 15,322 shares, compared to its average volume of 582,519. The stock has a market capitalization of $9.70 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm's 50 day moving average price is $155.35 and its 200 day moving average price is $168.01. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $236.48.
NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) 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 analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, research analysts expect that NICE Ltd. will post 9.85 EPS for the current year.
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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