First Manhattan CO. LLC. Has $86.85 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

First Manhattan CO. LLC. lifted its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,520 shares of the technology company's stock after acquiring an additional 65,726 shares during the period. First Manhattan CO. LLC. owned approximately 0.78% of NICE worth $86,845,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Avion Wealth acquired a new position in NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC acquired a new position in NICE during the 4th quarter worth $25,000. Anchor Investment Management LLC grew its holdings in NICE by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares in the last quarter. Finally, Sandy Spring Bank grew its holdings in NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NICE. Morgan Stanley reduced their price target on shares of NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities reduced their price target on shares of NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Cantor Fitzgerald reduced their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. DA Davidson reduced their price target on shares of NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE presently has a consensus rating of "Moderate Buy" and an average price target of $224.29.

NICE Stock Up 0.3%

NASDAQ NICE traded up $0.54 during trading hours on Friday, hitting $164.31. The company's stock had a trading volume of 267,289 shares, compared to its average volume of 576,660. The stock has a fifty day moving average of $152.16 and a 200 day moving average of $165.53. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $229.33. The firm has a market capitalization of $10.39 billion, a P/E ratio of 24.31, a PEG ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, analysts predict that NICE Ltd. will post 9.85 earnings per share for the current year.

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.