Virtu Financial LLC Boosts Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,461 shares of the technology company's stock after acquiring an additional 1,947 shares during the quarter. Virtu Financial LLC's holdings in NICE were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. New South Capital Management Inc. acquired a new stake in NICE during the 4th quarter worth about $54,980,000. Perpetual Ltd bought a new stake in shares of NICE during the 4th quarter valued at about $31,792,000. Raymond James Financial Inc. acquired a new stake in NICE during the fourth quarter worth approximately $26,810,000. Boston Partners increased its holdings in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after purchasing an additional 151,528 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in NICE in the third quarter valued at approximately $24,547,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NICE shares. Rosenblatt Securities reduced their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Barclays decreased their price target 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. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald dropped 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. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $231.64.

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NICE Price Performance

Shares of NASDAQ NICE traded down $0.23 during trading on Thursday, hitting $158.83. The stock had a trading volume of 631,472 shares, compared to its average volume of 567,119. The firm has a fifty day moving average of $159.28 and a two-hundred day moving average of $169.38. The company has a market capitalization of $9.99 billion, a PE ratio of 23.50, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $262.56.

NICE (NASDAQ:NICE - Get Free Report) last issued 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 firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

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.