Lbp Am Sa Reduces Holdings in NICE Ltd. (NASDAQ:NICE)

Lbp Am Sa lowered its holdings in NICE Ltd. (NASDAQ:NICE) by 51.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,477 shares of the technology company’s stock after selling 16,611 shares during the period. Lbp Am Sa’s holdings in NICE were worth $2,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NICE. Avion Wealth purchased a new stake in NICE in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC purchased a new stake in NICE in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its holdings in 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 buying an additional 67 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in NICE in the 3rd quarter worth approximately $41,000. Finally, R Squared Ltd purchased a new stake in NICE in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Rosenblatt Securities dropped their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Barclays decreased 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. Finally, Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Up 2.3 %

NICE stock opened at $144.61 on Friday. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The firm has a market cap of $9.09 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The business has a 50 day moving average of $161.13 and a 200 day moving average of $170.15.

NICE (NASDAQ:NICE) last posted its earnings results 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 business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, research analysts expect that NICE Ltd. will post 9.85 earnings per share 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.