Visualize Group LP purchased a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,515 shares of the technology company's stock, valued at approximately $4,843,000. NICE accounts for 3.1% of Visualize Group LP's holdings, making the stock its 11th largest position.
A number of other large investors have also made changes to their positions in NICE. Mercer Global Advisors Inc. ADV raised its holdings in shares of NICE by 7.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,852 shares of the technology company's stock valued at $994,000 after purchasing an additional 412 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NICE in the 4th quarter valued at about $173,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of NICE in the fourth quarter valued at approximately $510,000. Northern Trust Corp increased its holdings in shares of NICE by 126.3% in the fourth quarter. Northern Trust Corp now owns 22,345 shares of the technology company's stock valued at $3,795,000 after purchasing an additional 12,469 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in shares of NICE by 34.2% during the 4th quarter. Aquatic Capital Management LLC now owns 24,290 shares of the technology company's stock worth $4,125,000 after buying an additional 6,190 shares during the period. Institutional investors own 63.34% of the company's stock.
Analyst Ratings Changes
NICE has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. DA Davidson cut their price objective on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald cut their price target on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, Citigroup dropped their price objective on NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.29.
View Our Latest Stock Analysis on NICE
NICE Trading Up 2.8 %
NASDAQ:NICE traded up $4.34 during mid-day trading on Wednesday, hitting $161.24. 133,677 shares of the company's stock were exchanged, compared to its average volume of 576,776. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $229.33. The firm has a market capitalization of $10.20 billion, a P/E ratio of 23.87, a PEG ratio of 1.07 and a beta of 1.03. The company has a 50 day simple moving average of $150.88 and a 200-day simple moving average of $165.91.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (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 the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.
About NICE
(
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.
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