689 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 689 shares of the technology company’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. Boston Partners increased its position in shares of NICE by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock worth $283,349,000 after acquiring an additional 151,528 shares in the last quarter. CCLA Investment Management raised its stake in shares of NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after purchasing an additional 87,003 shares during the period. Platinum Investment Management Ltd. lifted its holdings in shares of NICE by 40.9% in the fourth quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company’s stock valued at $68,838,000 after purchasing an additional 117,631 shares in the last quarter. New South Capital Management Inc. acquired a new position in shares of NICE during the fourth quarter worth about $54,980,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NICE by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company’s stock worth $49,831,000 after buying an additional 4,411 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on NICE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. 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 report on Friday, February 21st. Barclays decreased their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Price Performance

NICE stock opened at $154.17 on Tuesday. NICE Ltd. has a one year low of $137.19 and a one year high of $260.62. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a fifty day moving average price of $158.87 and a two-hundred day moving average price of $169.30.

NICE (NASDAQ:NICE) last announced its quarterly 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 company 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%. Research analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal 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.