Scotia Capital Inc. increased its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,250 shares of the technology company's stock after purchasing an additional 11,179 shares during the period. Scotia Capital Inc. owned 0.08% of NICE worth $8,026,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Avion Wealth purchased a new stake in NICE in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the 4th quarter worth about $25,000. Richardson Financial Services Inc. raised its holdings in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after buying an additional 67 shares during the period. Sandy Spring Bank raised its position in NICE by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after purchasing an additional 145 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of NICE in the 3rd quarter valued at about $41,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on NICE shares. DA Davidson cut their target price on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Monday. Morgan Stanley reduced their price objective on NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research note on Wednesday. Barclays dropped 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. 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. Finally, Jefferies Financial Group restated a "hold" rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $225.71.
Get Our Latest Research Report on NICE
NICE Stock Performance
Shares of NASDAQ:NICE traded down $2.28 during trading on Wednesday, reaching $152.66. 91,926 shares of the stock traded hands, compared to its average volume of 581,754. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $235.71. The stock has a 50-day moving average of $154.56 and a two-hundred day moving average of $167.79. The stock has a market cap of $9.60 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.
NICE Profile
(
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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