NICE Ltd. (NASDAQ:NICE) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 95.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250 shares of the technology company's stock after selling 5,001 shares during the period. Tower Research Capital LLC TRC's holdings in NICE were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors boosted its stake in shares of NICE by 16.2% during the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company's stock worth $426,402,000 after purchasing an additional 298,112 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of NICE by 1.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company's stock worth $244,150,000 after purchasing an additional 16,513 shares during the last quarter. Black Creek Investment Management Inc. boosted its stake in shares of NICE by 22.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company's stock worth $194,533,000 after purchasing an additional 206,551 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of NICE by 0.6% during the 3rd quarter. William Blair Investment Management LLC now owns 1,017,406 shares of the technology company's stock worth $172,929,000 after purchasing an additional 5,803 shares during the last quarter. Finally, RGM Capital LLC boosted its stake in shares of NICE by 14.3% during the 3rd quarter. RGM Capital LLC now owns 907,048 shares of the technology company's stock worth $154,198,000 after purchasing an additional 113,170 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Stock Down 0.8 %

Shares of NICE traded down $1.84 during mid-day trading on Tuesday, reaching $223.51. 272,268 shares of the stock traded hands, compared to its average volume of 350,245. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 2.03 and a beta of 1.02. The stock has a fifty day simple moving average of $241.59 and a 200 day simple moving average of $210.70. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. Sell-side analysts expect that NICE Ltd. will post 8.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush raised their price target on shares of NICE from $230.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their price objective on shares of NICE from $238.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Mizuho increased their price objective on shares of NICE from $244.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Northland Securities began coverage on shares of NICE in a report on Tuesday, January 30th. They set an "outperform" rating and a $300.00 price objective on the stock. Finally, JMP Securities reiterated a "market outperform" rating and set a $343.00 price objective on shares of NICE in a report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $291.00.

NICE Company Profile

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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