Geode Capital Management LLC reduced its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,141 shares of the technology company's stock after selling 2,880 shares during the quarter. Geode Capital Management LLC owned approximately 0.11% of NICE worth $11,403,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NICE during the 4th quarter valued at about $313,808,000. Allianz SE acquired a new position in NICE during the 4th quarter valued at about $290,000. Norges Bank acquired a new position in NICE during the 4th quarter valued at about $6,794,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in NICE by 706.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,708 shares of the technology company's stock valued at $630,000 after purchasing an additional 3,248 shares during the period. Finally, Banco BTG Pactual S.A. boosted its stake in NICE by 41.4% during the 4th quarter. Banco BTG Pactual S.A. now owns 4,100 shares of the technology company's stock valued at $695,000 after purchasing an additional 1,200 shares during the period. 63.34% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
NICE has been the subject of a number of analyst reports. Rosenblatt Securities reduced their target price on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday. Cantor Fitzgerald reduced their target price on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Morgan Stanley dropped 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. Citigroup dropped their price target on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and an average target price of $224.29.
Read Our Latest Research Report on NICE
NICE Trading Up 0.7 %
Shares of NASDAQ NICE traded up $1.16 during midday trading on Monday, reaching $156.17. The company's stock had a trading volume of 197,971 shares, compared to its average volume of 585,498. The company has a 50 day moving average price of $150.25 and a 200 day moving average price of $166.70. NICE Ltd. has a one year low of $137.19 and a one year high of $229.33. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last released 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). The firm had revenue of $721.60 million during the quarter, compared to analysts' expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Research analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
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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