TimesSquare Capital Management LLC Acquires 7,790 Shares of NICE Ltd. (NASDAQ:NICE)

TimesSquare Capital Management LLC increased its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,718 shares of the technology company's stock after acquiring an additional 7,790 shares during the period. NICE makes up 1.1% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 28th largest holding. TimesSquare Capital Management LLC owned about 0.59% of NICE worth $75,359,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NICE. Harel Insurance Investments & Financial Services Ltd. raised its holdings in NICE by 44,660.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company's stock worth $65,970,000 after buying an additional 387,202 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of NICE by 169.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company's stock valued at $89,902,000 after purchasing an additional 332,650 shares during the last quarter. Black Creek Investment Management Inc. raised its holdings in shares of NICE by 22.0% during the third quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company's stock valued at $194,533,000 after purchasing an additional 206,551 shares during the last quarter. RGM Capital LLC raised its holdings in shares of NICE by 14.3% during the third quarter. RGM Capital LLC now owns 907,048 shares of the technology company's stock valued at $154,198,000 after purchasing an additional 113,170 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of NICE by 111.9% during the third quarter. Quadrature Capital Ltd now owns 89,788 shares of the technology company's stock valued at $15,265,000 after purchasing an additional 47,414 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NICE. Barclays boosted their price objective on shares of NICE from $283.00 to $320.00 and gave the company an "overweight" rating in a report on Friday, February 23rd. Citigroup upped their price target on shares of NICE from $283.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. DA Davidson upgraded shares of NICE from a "neutral" rating to a "buy" rating and upped their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Wedbush upped their price target on shares of NICE from $230.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, Mizuho upped their price target on shares of NICE from $244.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $291.00.

NICE Price Performance

NICE stock traded up $0.83 during mid-day trading on Thursday, reaching $222.85. 548,190 shares of the company's stock traded hands, compared to its average volume of 362,500. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 1.99 and a beta of 1.04. The stock has a 50 day moving average of $239.14 and a two-hundred day moving average of $213.34. 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 Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results 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. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. During the same quarter in the prior year, the firm earned $1.40 earnings per share. NICE's revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that NICE Ltd. will post 8.21 earnings per share for the current year.

NICE 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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