UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $48.40 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 285,000 shares of the technology company's stock after selling 1,929 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.45% of NICE worth $48,404,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NICE. Sanctuary Advisors LLC raised its holdings in shares of NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after purchasing an additional 4,407 shares during the period. Clear Creek Financial Management LLC increased its position in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock worth $731,000 after purchasing an additional 2,219 shares in the last quarter. Ceera Investments LLC purchased a new position in NICE in the fourth quarter valued at approximately $4,963,000. Haven Capital Group Inc. purchased a new stake in NICE during the fourth quarter worth approximately $5,577,000. Finally, Level Wealth Management LLC acquired a new stake in shares of NICE in the fourth quarter worth $487,000. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Trading Up 1.2%

NICE stock traded up $1.93 during mid-day trading on Wednesday, reaching $164.81. 625,875 shares of the stock traded hands, compared to its average volume of 564,884. The stock's fifty day moving average is $156.10 and its 200-day moving average is $164.49. The company has a market cap of $10.42 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.07 and a beta of 1.03. 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 posted its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.03. The firm had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. Equities research analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of analyst reports. Wall Street Zen cut NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price target on shares of NICE in a report on Friday, May 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a report on Friday, May 16th. Citigroup lowered their target price on NICE from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Rosenblatt Securities boosted their price target on NICE from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.50.

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.