16,962 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Woodline Partners LP

Woodline Partners LP purchased a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,962 shares of the technology company's stock, valued at approximately $2,881,000.

Several other hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP grew its stake in shares of NICE by 841.7% in the 4th quarter. Two Sigma Advisers LP now owns 11,300 shares of the technology company's stock valued at $1,919,000 after buying an additional 10,100 shares during the period. Tidal Investments LLC increased its holdings in NICE by 14.6% in the 4th quarter. Tidal Investments LLC now owns 57,657 shares of the technology company's stock valued at $9,792,000 after purchasing an additional 7,342 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in NICE in the 4th quarter valued at approximately $16,229,000. ProShare Advisors LLC increased its holdings in NICE by 19.1% in the 4th quarter. ProShare Advisors LLC now owns 1,693 shares of the technology company's stock valued at $288,000 after purchasing an additional 271 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in NICE by 3.4% in the 4th quarter. Quantinno Capital Management LP now owns 20,146 shares of the technology company's stock valued at $3,422,000 after purchasing an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

NICE Trading Down 1.4%

NASDAQ:NICE traded down $2.28 during midday trading on Friday, hitting $165.22. 105,233 shares of the company were exchanged, compared to its average volume of 564,459. The company has a fifty day simple moving average of $156.48 and a 200 day simple moving average of $164.32. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $200.65. The company has a market capitalization of $10.45 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $699.46 million. During the same period last year, the business earned $2.58 EPS. NICE's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NICE. Barclays dropped their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Wedbush reiterated an "outperform" rating and issued a $200.00 target price on shares of NICE in a report on Friday, May 16th. Morgan Stanley decreased their price target on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Friday, May 16th. Finally, DA Davidson raised their price target on shares of NICE from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.50.

About NICE

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.