157,856 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of NICE Ltd. (NASDAQ:NICE) in the fourth quarter, Holdings Channel reports. The firm purchased 157,856 shares of the technology company’s stock, valued at approximately $26,810,000.

Several other institutional investors have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of NICE during the fourth quarter worth about $313,808,000. FIL Ltd acquired a new position in NICE during the 4th quarter valued at about $70,465,000. New South Capital Management Inc. bought a new stake in NICE during the 4th quarter worth approximately $54,980,000. Perpetual Ltd purchased a new stake in shares of NICE in the fourth quarter worth approximately $31,792,000. Finally, Boston Partners lifted its holdings in shares of NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after purchasing an additional 151,528 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NICE. Citigroup decreased their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Rosenblatt Securities cut their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. DA Davidson decreased their price objective on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Monday. Finally, Morgan Stanley dropped their target price on shares of NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.71.

NICE Price Performance

NASDAQ:NICE opened at $149.75 on Friday. The company has a market capitalization of $9.41 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.07 and a beta of 1.05. The business has a fifty day simple moving average of $153.70 and a two-hundred day simple moving average of $167.51. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $235.71.

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 the consensus estimate 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, analysts anticipate that NICE Ltd. will post 9.85 earnings per share 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.