NICE Ltd. (NASDAQ:NICE) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,927 shares of the technology company's stock after selling 2,404 shares during the quarter. Stifel Financial Corp's holdings in NICE were worth $2,705,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NICE. Avion Wealth purchased a new stake in shares of NICE during the fourth quarter worth $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE in the 4th quarter valued at about $25,000. Anchor Investment Management LLC lifted its stake in NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Finally, Sandy Spring Bank grew its position in shares of NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after purchasing an additional 145 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on NICE. DA Davidson dropped their target price on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays cut their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of NICE in a research note on Wednesday, March 19th. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Citigroup lowered their price objective on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, NICE has a consensus rating of "Moderate Buy" and an average target price of $224.29.

NICE Stock Up 2.3 %

NICE stock traded up $3.54 during mid-day trading on Wednesday, reaching $160.44. 289,658 shares of the company's stock were exchanged, compared to its average volume of 577,389. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $229.33. The company has a market cap of $10.15 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a fifty day moving average of $150.88 and a 200-day moving average of $165.91.

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

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.