NICE Ltd. (NASDAQ:NICE) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,740 shares of the technology company’s stock after acquiring an additional 192 shares during the period. Rhumbline Advisers’ holdings in NICE were worth $635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avion Wealth acquired a new position in NICE in the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. grew its holdings in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NICE in the 3rd quarter worth $41,000. R Squared Ltd acquired a new stake in shares of NICE during the fourth quarter worth $51,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of NICE by 18,850.0% during the fourth quarter. CENTRAL TRUST Co now owns 379 shares of the technology company’s stock valued at $64,000 after purchasing an additional 377 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

NICE stock opened at $149.80 on Friday. The stock’s 50 day moving average price is $164.27 and its two-hundred day moving average price is $171.70. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 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 analyst estimates 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 forecast that NICE Ltd. will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NICE shares. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Cantor Fitzgerald reduced their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered their target price on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.64.

NICE Company 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.