Lazard Asset Management LLC cut its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,204 shares of the technology company's stock after selling 31,318 shares during the period. Lazard Asset Management LLC owned approximately 0.12% of NICE worth $12,941,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Perspectives Inc boosted its holdings in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock worth $108,000 after purchasing an additional 66 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% during 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 during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock worth $243,000 after purchasing an additional 77 shares during the last quarter. Berry Wealth Group LP boosted its holdings in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock worth $274,000 after purchasing an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock valued at $87,000 after acquiring an additional 80 shares during the last quarter. 63.34% of the stock is owned by institutional investors.
NICE Trading Up 1.4%
Shares of NASDAQ NICE traded up $2.32 during midday trading on Friday, hitting $163.43. The company's stock had a trading volume of 677,637 shares, compared to its average volume of 572,913. The stock has a fifty day moving average price of $153.97 and a 200 day moving average price of $165.25. NICE Ltd. has a one year low of $137.19 and a one year high of $202.96. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.07 and a beta of 1.03.
NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.29 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.55). The firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, equities research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on NICE. Citigroup dropped their target price on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. StockNews.com cut shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Morgan Stanley dropped their target price 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. JMP Securities reiterated a "market outperform" rating and issued a $300.00 target price on shares of NICE in a research note on Friday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 target price on shares of NICE in a research note on Friday. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $221.79.
Read Our Latest Research Report on NICE
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.
Read More
Before you consider NICE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NICE wasn't on the list.
While NICE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
