Russell Investments Group Ltd. lifted its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 1,157.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,714 shares of the technology company's stock after acquiring an additional 138,729 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of NICE worth $25,688,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of NICE during the 4th quarter worth approximately $313,808,000. New South Capital Management Inc. purchased a new position in NICE during the fourth quarter worth $54,980,000. Perpetual Ltd acquired a new position in shares of NICE in the fourth quarter worth $31,792,000. Raymond James Financial Inc. purchased a new stake in shares of NICE in the fourth quarter valued at $26,810,000. Finally, Boston Partners boosted its stake in shares of NICE by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after acquiring an additional 151,528 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Cantor Fitzgerald decreased their price target on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Barclays dropped 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, Citigroup decreased their target price 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. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, NICE has a consensus rating of "Moderate Buy" and a consensus target price of $231.64.
Check Out Our Latest Research Report on NICE
NICE Stock Up 1.4 %
NICE stock traded up $2.11 during midday trading on Monday, hitting $154.72. 45,582 shares of the company traded hands, compared to its average volume of 582,701. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $236.48. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The business has a 50 day simple moving average of $155.35 and a 200-day simple moving average of $168.01.
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 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 net margin of 16.18% and a return on equity of 16.17%. Equities research analysts forecast 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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