Tidal Investments LLC Boosts Stake in NICE Ltd. (NASDAQ:NICE)

Tidal Investments LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,657 shares of the technology company's stock after buying an additional 7,342 shares during the quarter. Tidal Investments LLC owned 0.09% of NICE worth $9,792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NICE. Avion Wealth acquired a new position in NICE during the fourth quarter worth $25,000. Tradewinds Capital Management LLC acquired a new position in NICE during the fourth quarter worth $25,000. Anchor Investment Management LLC raised its holdings in NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings 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 purchasing an additional 145 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Up 2.8%

Shares of NASDAQ:NICE opened at $168.00 on Tuesday. The company has a market cap of $10.63 billion, a P/E ratio of 24.85, 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 $202.36. The business has a fifty day simple moving average of $154.52 and a 200-day simple moving average of $165.07.

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 analysts' consensus estimates of $2.96 by ($0.71). The business had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Friday. Barclays cut their price target on NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Wedbush reissued an "outperform" rating and issued a $200.00 price target on shares of NICE in a report on Friday. Citigroup cut their price target on NICE from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday. Finally, JMP Securities reissued a "market outperform" rating and issued a $300.00 price target on shares of NICE in a report on Friday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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