Q Global Advisors LLC Takes $3.18 Million Position in NICE Ltd. (NASDAQ:NICE)

Q Global Advisors LLC bought a new position in NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 18,315 shares of the technology company's stock, valued at approximately $3,181,000. NICE accounts for approximately 2.5% of Q Global Advisors LLC's investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of NICE. Sanctuary Advisors LLC grew its stake in shares of NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after acquiring an additional 4,407 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of NICE by 106.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock worth $731,000 after buying an additional 2,219 shares in the last quarter. Kopion Asset Management LLC purchased a new position in shares of NICE in the fourth quarter worth $7,433,000. Ceera Investments LLC purchased a new position in shares of NICE in the fourth quarter worth $4,963,000. Finally, CCLA Investment Management lifted its holdings in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after buying an additional 87,003 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Trading Up 1.8 %

Shares of NICE stock traded up $2.78 during trading hours on Friday, reaching $156.78. The stock had a trading volume of 649,584 shares, compared to its average volume of 565,960. The firm has a 50 day simple moving average of $159.84 and a two-hundred day simple moving average of $169.46. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73.

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NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.17% and a net margin of 16.18%. Sell-side analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of NICE in a research note on Wednesday. Rosenblatt Securities lowered their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Barclays lowered their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $231.64.

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.