Fisher Asset Management LLC Increases Holdings in NICE Ltd. (NASDAQ:NICE)

Fisher Asset Management LLC lifted its position in NICE Ltd. (NASDAQ:NICE) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 141,264 shares of the technology company’s stock after buying an additional 4,853 shares during the period. Fisher Asset Management LLC’s holdings in NICE were worth $23,992,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NICE. Allspring Global Investments Holdings LLC boosted its holdings in shares of NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after purchasing an additional 91 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Van ECK Associates Corp boosted its holdings in shares of NICE by 1.6% in the third quarter. Van ECK Associates Corp now owns 21,766 shares of the technology company’s stock valued at $3,820,000 after purchasing an additional 337 shares during the period. Asset Management One Co. Ltd. lifted its holdings in NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after buying an additional 5,629 shares during the period. Finally, Leslie Global Wealth LLC bought a new stake in NICE during the 3rd quarter valued at $365,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Cantor Fitzgerald dropped their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, Oppenheimer cut NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Price Performance

Shares of NICE stock opened at $140.62 on Tuesday. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The business has a fifty day moving average of $166.02 and a 200 day moving average of $172.27. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73.

NICE (NASDAQ:NICE) last issued 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). The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. 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.