Lbp Am Sa Cuts Stock Position in NICE Ltd. (NASDAQ:NICE)

Lbp Am Sa lowered its holdings in NICE Ltd. (NASDAQ:NICE) by 51.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,477 shares of the technology company’s stock after selling 16,611 shares during the period. Lbp Am Sa’s holdings in NICE were worth $2,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of NICE by 14.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,098 shares of the technology company’s stock valued at $1,715,000 after buying an additional 1,270 shares during the last quarter. Saturna Capital Corp lifted its position in shares of NICE by 8.5% during the 4th quarter. Saturna Capital Corp now owns 18,917 shares of the technology company’s stock valued at $3,213,000 after buying an additional 1,480 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of NICE by 10.0% during the 4th quarter. Moors & Cabot Inc. now owns 1,851 shares of the technology company’s stock valued at $314,000 after buying an additional 169 shares during the last quarter. Ceera Investments LLC purchased a new position in shares of NICE during the 4th quarter valued at $4,963,000. Finally, Roberts Glore & Co. Inc. IL lifted its position in shares of NICE by 62.9% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 2,356 shares of the technology company’s stock valued at $400,000 after buying an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NICE. Cantor Fitzgerald dropped their price target 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 decreased their price objective on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Rosenblatt Securities decreased their price objective on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Trading Up 2.3 %

NICE opened at $144.61 on Friday. The stock has a 50-day moving average price of $161.13 and a 200-day moving average price of $170.15. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $270.73. The stock has a market capitalization of $9.09 billion, a P/E ratio of 21.39, a PEG ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last posted its quarterly earnings data 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 return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. On average, equities research analysts predict that NICE Ltd. will post 9.85 EPS for the current year.

About NICE

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.