NICE Ltd. (NASDAQ:NICE) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,244 shares of the technology company's stock after selling 1,694 shares during the period. Cresset Asset Management LLC's holdings in NICE were worth $551,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth purchased a new stake in NICE in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC acquired a new position in NICE in the fourth quarter valued at approximately $25,000. Anchor Investment Management LLC increased its holdings in NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in NICE by 43.8% in the fourth 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 during the period. Finally, Sandy Spring Bank raised its position in NICE by 181.3% during the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup decreased their price objective on NICE from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Morgan Stanley decreased their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of NICE in a research note on Friday. Finally, DA Davidson upped their price target on NICE from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.50.

NICE Price Performance

Shares of NICE stock traded down $2.71 during trading hours on Tuesday, reaching $165.29. 92,561 shares of the stock were exchanged, compared to its average volume of 569,257. The business's fifty day moving average is $154.52 and its two-hundred day moving average is $165.07. The firm has a market capitalization of $10.45 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.07 and a beta of 1.03. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $202.36.

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

About NICE

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.