NICE Ltd. (NASDAQ:NICE) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of NICE Ltd. (NASDAQ:NICE) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,003 shares of the technology company’s stock after selling 34,899 shares during the quarter. Franklin Resources Inc.’s holdings in NICE were worth $88,827,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its position in shares of NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after acquiring an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock worth $731,000 after purchasing an additional 2,219 shares during the period. Kopion Asset Management LLC bought a new position in shares of NICE in the 4th quarter worth about $7,433,000. Ceera Investments LLC acquired a new position in shares of NICE in the 4th quarter valued at about $4,963,000. Finally, CCLA Investment Management grew its position in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after buying an additional 87,003 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Rosenblatt Securities decreased their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. 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 on the stock in a research 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 MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Performance

NICE opened at $157.70 on Thursday. The stock’s fifty day moving average is $158.52 and its 200-day moving average is $169.15. NICE Ltd. has a one year low of $137.19 and a one year high of $256.42. The company has a market capitalization of $9.91 billion, a PE ratio of 23.33, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 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 fiscal year.

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.