Sphera Funds Management LTD. Cuts Position in NICE Ltd. (NASDAQ:NICE)

Sphera Funds Management LTD. trimmed its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 61.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,500 shares of the technology company's stock after selling 67,961 shares during the period. NICE comprises about 1.3% of Sphera Funds Management LTD.'s portfolio, making the stock its 25th largest holding. Sphera Funds Management LTD. owned approximately 0.07% of NICE worth $7,218,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc boosted its holdings in NICE by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock worth $108,000 after buying an additional 66 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after buying an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock worth $243,000 after buying an additional 77 shares during the last quarter. Berry Wealth Group LP boosted its holdings in NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock worth $274,000 after buying an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after buying an additional 80 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NICE. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a report on Friday. Morgan Stanley decreased 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. DA Davidson raised their target price on shares of NICE from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Finally, Barclays decreased their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and an average price target of $211.50.

NICE Price Performance

Shares of NICE stock traded up $4.57 during trading on Monday, hitting $168.00. 940,217 shares of the stock traded hands, compared to its average volume of 571,118. The firm has a market capitalization of $10.63 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The firm's fifty day moving average price is $154.52 and its 200-day moving average price is $165.07. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $202.36.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities research analysts expect that NICE Ltd. will post 9.85 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.