Two Sigma Investments LP Has $2.95 Million Holdings in NICE Ltd. (NASDAQ:NICE)

Two Sigma Investments LP lessened its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,354 shares of the technology company's stock after selling 36,852 shares during the quarter. Two Sigma Investments LP's holdings in NICE were worth $2,947,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Financial Perspectives Inc raised its holdings in NICE by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after acquiring an additional 66 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in 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 acquiring an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after acquiring an additional 77 shares in the last quarter. Berry Wealth Group LP raised its holdings in NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after acquiring an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock valued at $87,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NICE. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Friday, May 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Friday, May 16th. Rosenblatt Securities upped their price target on NICE from $180.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 16th. Morgan Stanley cut their price target on NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, DA Davidson upped their price objective on NICE from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and a consensus price target of $211.50.

NICE Stock Performance

NICE traded up $6.32 during mid-day trading on Wednesday, reaching $176.79. The stock had a trading volume of 509,149 shares, compared to its average volume of 555,534. The stock has a market capitalization of $11.18 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.07 and a beta of 1.03. The firm's fifty day simple moving average is $157.39 and its two-hundred day simple moving average is $163.85. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $200.65.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. The firm had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. As a group, analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal 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.