Clark Capital Management Group Inc. lowered its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 386,767 shares of the technology company's stock after selling 7,703 shares during the quarter. Clark Capital Management Group Inc. owned 0.62% of NICE worth $65,689,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of NICE. Wilmington Savings Fund Society FSB bought a new position in NICE in the 3rd quarter valued at $41,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of NICE by 11.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,900 shares of the technology company's stock worth $327,000 after buying an additional 192 shares during the period. GAMMA Investing LLC lifted its holdings in shares of NICE by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 411 shares of the technology company's stock worth $70,000 after buying an additional 166 shares during the period. Fulton Bank N.A. lifted its holdings in shares of NICE by 12.4% in the 4th quarter. Fulton Bank N.A. now owns 1,394 shares of the technology company's stock worth $237,000 after buying an additional 154 shares during the period. Finally, First Hawaiian Bank lifted its holdings in shares of NICE by 5.9% in the 4th quarter. First Hawaiian Bank now owns 3,362 shares of the technology company's stock worth $571,000 after buying an additional 187 shares during the period. Institutional investors own 63.34% of the company's stock.
Analysts Set New Price Targets
NICE has been the subject of several research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. Citigroup decreased their price objective on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Cantor Fitzgerald decreased their price objective on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Barclays decreased their price objective on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, Rosenblatt Securities decreased their price objective on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.29.
View Our Latest Research Report on NICE
NICE Price Performance
NICE stock traded down $0.42 during midday trading on Monday, reaching $164.00. The company's stock had a trading volume of 529,866 shares, compared to its average volume of 558,447. The stock's 50-day simple moving average is $152.16 and its 200-day simple moving average is $165.53. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $229.33. The stock has a market capitalization of $10.37 billion, a P/E ratio of 24.26, a PEG ratio of 1.07 and a beta of 1.03.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $718.47 million. As a group, equities research analysts expect that NICE Ltd. will post 9.85 earnings per share 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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