Blair William & Co. IL Sells 4,273 Shares of NICE Ltd. (NASDAQ:NICE)

Blair William & Co. IL lessened its holdings in NICE Ltd. (NASDAQ:NICE) by 68.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,957 shares of the technology company’s stock after selling 4,273 shares during the period. Blair William & Co. IL’s holdings in NICE were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Financial Perspectives Inc raised its position in NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after acquiring an additional 66 shares during the period. Richardson Financial Services Inc. increased its stake in shares of NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after purchasing an additional 77 shares during the period. Berry Wealth Group LP lifted its stake in NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after purchasing an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after purchasing an additional 80 shares during the period. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NICE. Rosenblatt Securities lowered their target price on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Citigroup cut their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Finally, Barclays cut their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Down 6.0 %

NASDAQ:NICE opened at $141.30 on Friday. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $245.19. The stock has a market cap of $8.88 billion, a P/E ratio of 20.90, a PEG ratio of 1.07 and a beta of 1.12. The business’s 50-day moving average price is $157.89 and its two-hundred day moving average price is $168.93.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million for 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%. On average, equities research analysts expect 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.