Visualize Group LP Purchases New Shares in NICE Ltd. (NASDAQ:NICE)

Visualize Group LP acquired a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,515 shares of the technology company's stock, valued at approximately $4,843,000. NICE comprises approximately 3.1% of Visualize Group LP's portfolio, making the stock its 11th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its holdings in shares of NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after acquiring an additional 4,407 shares during the last quarter. Clear Creek Financial Management LLC raised its position in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company's stock valued at $731,000 after purchasing an additional 2,219 shares in the last quarter. Kopion Asset Management LLC bought a new position in NICE during the 4th quarter worth about $7,433,000. Ceera Investments LLC purchased a new position in NICE during the fourth quarter valued at approximately $4,963,000. Finally, CCLA Investment Management lifted its stake in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after purchasing an additional 87,003 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

NICE Stock Up 0.4 %

NICE stock traded up $0.62 during trading on Monday, reaching $158.01. The stock had a trading volume of 165,984 shares, compared to its average volume of 580,333. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $229.33. The business has a 50 day moving average price of $150.34 and a 200 day moving average price of $166.13. The stock has a market cap of $9.99 billion, a PE ratio of 23.37, a P/E/G ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE - Get Free Report) last posted its 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 business had revenue of $721.60 million during 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%. On average, equities analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Wednesday, March 19th. Barclays dropped their price objective 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. DA Davidson reduced their price target on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Cantor Fitzgerald reduced their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.29.

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.