Royce & Associates LP Sells 7,576 Shares of NICE Ltd. (NASDAQ:NICE)

Royce & Associates LP cut its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,612 shares of the technology company's stock after selling 7,576 shares during the quarter. Royce & Associates LP's holdings in NICE were worth $4,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NICE. Avion Wealth acquired a new stake in NICE during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the 4th quarter worth about $25,000. Richardson Financial Services Inc. boosted its position in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in NICE during the 3rd quarter worth about $41,000. Finally, R Squared Ltd acquired a new stake in NICE during the 4th quarter worth about $51,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NICE. Barclays reduced their price target on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of NICE in a report on Wednesday. Rosenblatt Securities reduced their price target on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. Cantor Fitzgerald reduced their price target on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, NICE presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.64.

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NICE Stock Up 1.8 %

NASDAQ NICE traded up $2.78 during trading on Friday, hitting $156.78. The company's stock had a trading volume of 649,584 shares, compared to its average volume of 565,960. The firm has a 50 day moving average price of $159.84 and a 200 day moving average price of $169.46. The firm has a market cap of $9.86 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $270.73.

NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million during 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, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.

NICE Company 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.