Vulcan Value Partners LLC Trims Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Vulcan Value Partners LLC lowered its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 954,161 shares of the technology company's stock after selling 49,934 shares during the period. NICE makes up about 2.7% of Vulcan Value Partners LLC's investment portfolio, making the stock its 14th largest holding. Vulcan Value Partners LLC owned approximately 1.52% of NICE worth $162,044,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of NICE during the 4th quarter valued at $313,808,000. Boston Partners increased its stake in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after acquiring an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. lifted its position in shares of NICE by 2.3% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after buying an additional 36,865 shares during the period. HMI Capital Management L.P. grew its holdings in shares of NICE by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after purchasing an additional 186,600 shares during the last quarter. Finally, CCLA Investment Management grew its position in 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 acquiring an additional 87,003 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Price Performance

Shares of NICE stock traded down $0.82 on Wednesday, hitting $155.86. 127,020 shares of the company's stock were exchanged, compared to its average volume of 149,520. The stock has a market cap of $9.80 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 12 month low of $149.00 and a 12 month high of $157.73. The company has a 50 day moving average of $150.31 and a 200 day moving average of $166.63.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on NICE. Rosenblatt Securities decreased their price objective on shares of NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Cantor Fitzgerald cut their price target on shares of NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. DA Davidson dropped their price target on NICE from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Finally, Morgan Stanley reduced their price objective on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average 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.