First Trust Advisors LP grew its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,493 shares of the technology company's stock after acquiring an additional 7,513 shares during the period. First Trust Advisors LP owned about 0.08% of NICE worth $8,915,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Avion Wealth acquired a new stake in NICE during the 4th quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC increased its holdings in NICE by 200.0% in 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 in the last quarter. Richardson Financial Services Inc. increased its holdings in NICE by 43.8% in 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 in the last quarter. Finally, Sandy Spring Bank lifted its stake in NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after buying an additional 145 shares during the period. Institutional investors own 63.34% of the company's stock.
NICE Stock Performance
NASDAQ NICE traded up $0.19 on Thursday, hitting $156.04. 131,716 shares of the stock traded hands, compared to its average volume of 583,756. The business's fifty day moving average is $150.22 and its two-hundred day moving average is $166.44. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $229.33. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. Analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.
Analyst Ratings Changes
NICE has been the topic of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. DA Davidson decreased their target price on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays dropped their price target on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley decreased their price objective on NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.29.
Check Out Our Latest Report on NICE
About NICE
(
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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