Natixis Advisors LLC Increases Position in NICE Ltd. (NASDAQ:NICE)

Natixis Advisors LLC lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,164 shares of the technology company’s stock after acquiring an additional 769 shares during the quarter. Natixis Advisors LLC’s holdings in NICE were worth $1,896,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New South Capital Management Inc. purchased a new stake in NICE during the fourth quarter valued at about $54,980,000. Perpetual Ltd bought a new stake in shares of NICE in the fourth quarter valued at approximately $31,792,000. Raymond James Financial Inc. purchased a new stake in shares of NICE during the 4th quarter valued at approximately $26,810,000. World Investment Advisors LLC bought a new position in NICE in the 3rd quarter worth approximately $24,547,000. Finally, Swedbank AB grew its stake in NICE by 201.7% in the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock valued at $24,470,000 after buying an additional 94,200 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NICE shares. Cantor Fitzgerald cut their price target on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup reduced their target price on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $231.64.

NICE Trading Down 0.4 %

Shares of NASDAQ NICE opened at $156.17 on Tuesday. The stock’s 50-day moving average is $159.65 and its 200 day moving average is $169.45. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last announced 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). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, analysts forecast that NICE Ltd. will post 9.85 EPS for the current fiscal 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.