Northern Trust Corp Buys 12,469 Shares of NICE Ltd. (NASDAQ:NICE)

Northern Trust Corp raised its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 126.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,345 shares of the technology company's stock after purchasing an additional 12,469 shares during the period. Northern Trust Corp's holdings in NICE were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Avion Wealth acquired a new position in NICE in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new stake in shares of NICE during the 4th quarter valued at $25,000. Anchor Investment Management LLC lifted its stake in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of 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 purchasing an additional 67 shares during the period. Finally, Sandy Spring Bank boosted its position in shares of NICE by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

Analyst Ratings Changes

NICE has been the topic of several analyst reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 target price on shares of NICE in a research note 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 research note on Friday, May 16th. Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of NICE in a research note on Friday, May 16th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Friday, May 16th. Finally, Barclays cut their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.50.

NICE Trading Up 1.2%

Shares of NICE stock traded up $1.93 during trading hours on Wednesday, hitting $164.81. 625,875 shares of the company were exchanged, compared to its average volume of 564,884. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $200.65. The business has a 50 day moving average of $156.26 and a two-hundred day moving average of $164.49. The company has a market capitalization of $10.42 billion, a PE ratio of 24.38, a PEG ratio of 1.07 and a beta of 1.03.

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

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.