Zacks Investment Management Has $350,000 Position in NICE Ltd. (NASDAQ:NICE)

Zacks Investment Management lessened its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 64.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,058 shares of the technology company’s stock after selling 3,782 shares during the period. Zacks Investment Management’s holdings in NICE were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NICE. Evergreen Capital Management LLC lifted its holdings in shares of NICE by 1.1% during the fourth quarter. Evergreen Capital Management LLC now owns 19,118 shares of the technology company’s stock worth $3,247,000 after buying an additional 206 shares during the last quarter. Anchor Investment Management LLC raised its stake in NICE by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in NICE by 90.6% in the 4th quarter. Guggenheim Capital LLC now owns 2,449 shares of the technology company’s stock valued at $416,000 after purchasing an additional 1,164 shares during the period. Broyhill Asset Management acquired a new stake in NICE in the 4th quarter worth $4,400,000. Finally, Mariner LLC increased its holdings in shares of NICE by 10.5% during the 4th quarter. Mariner LLC now owns 5,542 shares of the technology company’s stock worth $941,000 after purchasing an additional 528 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Trading Down 0.6 %

Shares of NICE stock opened at $149.75 on Friday. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $231.67. The firm’s 50-day moving average price is $153.25 and its two-hundred day moving average price is $167.41. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE) last posted 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). 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 analyst estimates of $718.47 million. As a group, equities research analysts predict that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reduced their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. DA Davidson reduced their price objective on NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of NICE in a report on Wednesday, March 19th. Citigroup cut their target price on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Barclays reduced their target price on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.71.

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.