Charles Schwab Investment Management Inc. Has $878,000 Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Charles Schwab Investment Management Inc. boosted its stake in NICE Ltd. (NASDAQ:NICE) by 28.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,168 shares of the technology company’s stock after buying an additional 1,145 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NICE were worth $878,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Financial Perspectives Inc boosted its holdings in shares of NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after acquiring an additional 66 shares during the period. Richardson Financial Services Inc. boosted its stake in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after purchasing an additional 67 shares during the period. Berry Wealth Group LP grew its holdings in NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after buying an additional 80 shares in the last quarter. Rothschild Investment LLC grew its holdings in NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after buying an additional 80 shares in the last quarter. Finally, Davis Capital Management increased its position in NICE by 2.2% during the 4th quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock worth $844,000 after buying an additional 108 shares during the period. 63.34% of the stock is owned by institutional investors.

NICE Price Performance

Shares of NICE opened at $155.48 on Monday. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $260.62. The stock has a 50 day simple moving average of $159.03 and a two-hundred day simple moving average of $169.37. The firm has a market cap of $9.78 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last issued its earnings results 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 company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, equities analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Rosenblatt Securities decreased their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Citigroup decreased their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Cantor Fitzgerald lowered their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, NICE has a consensus rating of “Moderate Buy” and a consensus 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.