Aquatic Capital Management LLC Increases Stock Position in NICE Ltd. (NASDAQ:NICE)

Aquatic Capital Management LLC grew its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,290 shares of the technology company's stock after buying an additional 6,190 shares during the quarter. Aquatic Capital Management LLC's holdings in NICE were worth $4,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of NICE during the 4th quarter worth $313,808,000. FIL Ltd bought a new stake in shares of NICE during the 4th quarter worth $70,465,000. New South Capital Management Inc. bought a new stake in shares of NICE during the 4th quarter worth $54,980,000. Perpetual Ltd bought a new stake in shares of NICE during the 4th quarter worth $31,792,000. Finally, HMI Capital Management L.P. boosted its holdings in shares of NICE by 12.8% during the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after buying an additional 186,600 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

Shares of NASDAQ NICE traded up $0.19 during midday trading on Thursday, hitting $156.04. 131,716 shares of the stock traded hands, compared to its average volume of 583,756. The company has a market cap of $9.87 billion, a PE ratio of 23.08, 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 $229.33. The business has a 50 day moving average price of $150.32 and a two-hundred day moving average price of $166.56.

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

Analyst Ratings Changes

A number of research firms have recently commented on NICE. Cantor Fitzgerald reduced their price objective on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Morgan Stanley dropped their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays dropped their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Rosenblatt Securities dropped their target price on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, NICE has an average rating of "Moderate Buy" and a consensus target price of $224.29.

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.