NICE Ltd. (NASDAQ:NICE) Position Lessened by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 958,733 shares of the technology company's stock after selling 170,799 shares during the quarter. William Blair Investment Management LLC owned 1.52% of NICE worth $162,823,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NICE. Avion Wealth purchased a new position in NICE in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its position 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 purchasing an additional 67 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NICE during the 3rd quarter valued at approximately $41,000. Finally, R Squared Ltd acquired a new stake in shares of NICE during the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NICE shares. Cantor Fitzgerald reduced their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Rosenblatt Securities dropped their price target on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Barclays lowered their target price 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. Finally, Citigroup decreased their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.

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NICE Stock Up 1.8 %

NICE stock traded up $2.78 during midday trading on Friday, hitting $156.78. The company's stock had a trading volume of 649,584 shares, compared to its average volume of 565,623. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $270.73. The company has a market capitalization of $9.86 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The stock's 50-day moving average price is $159.93 and its 200-day moving average price is $169.56.

NICE (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

NICE 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.