Two Sigma Advisers LP increased its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 841.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,300 shares of the technology company's stock after acquiring an additional 10,100 shares during the quarter. Two Sigma Advisers LP's holdings in NICE were worth $1,919,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC raised its stake in NICE by 14.6% during the fourth quarter. Tidal Investments LLC now owns 57,657 shares of the technology company's stock worth $9,792,000 after purchasing an additional 7,342 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in NICE during the fourth quarter worth approximately $16,229,000. ProShare Advisors LLC raised its stake in NICE by 19.1% during the fourth quarter. ProShare Advisors LLC now owns 1,693 shares of the technology company's stock worth $288,000 after purchasing an additional 271 shares during the period. Quantinno Capital Management LP raised its stake in NICE by 3.4% during the fourth quarter. Quantinno Capital Management LP now owns 20,146 shares of the technology company's stock worth $3,422,000 after purchasing an additional 668 shares during the period. Finally, Janus Henderson Group PLC raised its stake in NICE by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after purchasing an additional 5,609 shares during the period. Institutional investors and hedge funds own 63.34% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on NICE. Morgan Stanley cut their price target on shares of NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson raised their target price on shares of NICE from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JMP Securities reissued a "market outperform" rating and issued a $300.00 target price on shares of NICE in a research note on Friday, May 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of NICE in a research note 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 research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, NICE presently has a consensus rating of "Moderate Buy" and an average target price of $211.50.
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NICE Stock Up 3.1%
Shares of NICE stock traded up $5.07 on Tuesday, reaching $170.47. The company had a trading volume of 551,476 shares, compared to its average volume of 561,914. The stock has a market capitalization of $10.78 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. NICE Ltd. has a one year low of $137.19 and a one year high of $200.65. The business's 50-day moving average is $156.96 and its 200 day moving average is $163.76.
NICE (NASDAQ:NICE - Get Free Report) last released its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. On average, sell-side analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
NICE Profile
(
Free Report)
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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