Trexquant Investment LP Makes New $1.25 Million Investment in NICE Ltd. (NASDAQ:NICE)

Trexquant Investment LP acquired a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,355 shares of the technology company's stock, valued at approximately $1,249,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in NICE during the fourth quarter worth $313,808,000. Boston Partners raised its holdings in shares of NICE by 10.0% during the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after buying an additional 151,528 shares in the last quarter. CCLA Investment Management lifted its position in shares of NICE by 14.1% during the 4th 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 during the last quarter. Platinum Investment Management Ltd. boosted its stake in NICE by 40.9% in the fourth quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company's stock valued at $68,838,000 after buying an additional 117,631 shares in the last quarter. Finally, New South Capital Management Inc. bought a new position in NICE in the fourth quarter valued at about $54,980,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Price Performance

NASDAQ NICE traded up $3.79 during mid-day trading on Tuesday, reaching $156.41. 79,796 shares of the stock were exchanged, compared to its average volume of 581,713. The stock has a market cap of $9.83 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.07 and a beta of 1.05. NICE Ltd. has a one year low of $137.19 and a one year high of $236.48. The stock has a 50 day simple moving average of $154.94 and a 200-day simple moving average of $167.88.

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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 for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. Sell-side analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NICE. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. DA Davidson cut their target price on shares of NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday. Rosenblatt Securities lowered 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. Citigroup cut their price objective on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Barclays lowered their target price on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, NICE currently has an average rating of "Moderate Buy" and an average target price of $228.43.

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.