TimesSquare Capital Management LLC trimmed its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,230 shares of the technology company's stock after selling 4,085 shares during the period. TimesSquare Capital Management LLC owned about 0.53% of NICE worth $57,698,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Vulcan Value Partners LLC boosted its holdings in NICE by 49.7% in the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company's stock valued at $204,168,000 after acquiring an additional 394,715 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of NICE by 63.2% during the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company's stock worth $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new stake in NICE during the 2nd quarter valued at $44,076,000. Black Creek Investment Management Inc. grew its holdings in NICE by 22.6% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company's stock valued at $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in NICE by 4.0% during the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company's stock worth $1,350,367,000 after buying an additional 201,035 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.
NICE Stock Up 2.5 %
NICE traded up $4.68 on Friday, reaching $189.99. 890,855 shares of the company traded hands, compared to its average volume of 454,646. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.42 and a beta of 1.04. The stock's 50 day moving average price is $170.69 and its 200-day moving average price is $179.37.
NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same period last year, the business earned $1.63 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts expect that NICE Ltd. will post 8.5 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Northland Securities reduced their target price on NICE from $305.00 to $275.00 and set an "outperform" rating for the company in a research note on Friday, August 16th. JMP Securities restated a "market outperform" rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Wedbush reaffirmed an "outperform" rating and set a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Barclays cut their price objective on NICE from $320.00 to $286.00 and set an "overweight" rating on the stock in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $260.00 target price on shares of NICE in a research report on Thursday, October 3rd. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE currently has an average rating of "Buy" and a consensus target price of $269.64.
Get Our Latest Report on NICE
NICE Company 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.
See Also
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
