Victory Capital Management Inc. lifted its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,542 shares of the technology company's stock after buying an additional 33,058 shares during the period. Victory Capital Management Inc. owned about 0.15% of NICE worth $15,717,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of NICE. Atria Investments Inc bought a new position in shares of NICE during the 3rd quarter worth approximately $215,000. Crossmark Global Holdings Inc. acquired a new position in NICE during the third quarter worth $1,058,000. Oppenheimer & Co. Inc. grew its position in NICE by 15.6% in the third quarter. Oppenheimer & Co. Inc. now owns 18,593 shares of the technology company's stock valued at $3,229,000 after purchasing an additional 2,507 shares in the last quarter. Natixis Advisors LLC acquired a new stake in NICE in the 3rd quarter valued at $1,805,000. Finally, GLOBALT Investments LLC GA increased its stake in NICE by 2.1% in the 3rd quarter. GLOBALT Investments LLC GA now owns 7,333 shares of the technology company's stock valued at $1,274,000 after buying an additional 154 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NICE. DA Davidson decreased their price objective on NICE from $300.00 to $225.00 and set a "buy" rating for the company in a report on Friday, November 15th. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Cantor Fitzgerald cut their price objective on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Northland Securities lowered their target price on shares of NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Finally, Barclays dropped their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, NICE presently has an average rating of "Moderate Buy" and an average target price of $231.64.
Read Our Latest Stock Report on NICE
NICE Price Performance
NASDAQ NICE traded up $0.75 on Thursday, reaching $141.34. The stock had a trading volume of 526,323 shares, compared to its average volume of 684,669. The company has a market cap of $8.89 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $270.73. The firm has a fifty day moving average of $162.20 and a two-hundred day moving average of $170.68.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (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 company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. Research analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal 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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