Nordea Investment Management AB lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE – Get Rating) by 63.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,698 shares of the technology company’s stock after purchasing an additional 2,996 shares during the period. Nordea Investment Management AB’s holdings in NICE were worth $1,485,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in NICE. CCLA Investment Management bought a new position in shares of NICE during the 3rd quarter valued at $90,157,000. International Assets Investment Management LLC purchased a new stake in NICE during the 4th quarter valued at $129,000. Goldman Sachs Group Inc. boosted its position in NICE by 163.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 205,356 shares of the technology company’s stock valued at $44,973,000 after buying an additional 127,266 shares during the period. First Manhattan Co. boosted its position in NICE by 86,063.0% during the 3rd quarter. First Manhattan Co. now owns 86,163 shares of the technology company’s stock valued at $14,881,000 after buying an additional 86,063 shares during the period. Finally, Phoenix Holdings Ltd. boosted its position in NICE by 72.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 141,453 shares of the technology company’s stock valued at $27,214,000 after buying an additional 59,658 shares during the period. Institutional investors own 63.92% of the company’s stock.
Analysts Set New Price Targets
NICE has been the subject of several analyst reports. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research report on Wednesday, January 18th. Wedbush dropped their target price on shares of NICE from $250.00 to $230.00 in a research report on Friday. Citigroup raised their target price on shares of NICE from $277.00 to $278.00 in a research report on Wednesday. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Jefferies Financial Group dropped their target price on shares of NICE from $260.00 to $235.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $252.25.
NICE Stock Down 0.0 %
NICE (NASDAQ:NICE – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.04). The business had revenue of $568.56 million during the quarter, compared to the consensus estimate of $570.45 million. NICE had a return on equity of 12.22% and a net margin of 12.19%. As a group, sell-side analysts anticipate that NICE Ltd. will post 6.32 earnings per share for the current fiscal year.
NICE Profile
NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides suites such as compliance and risk, workforce optimization, operational efficiency, customer experience, and sales and retention.
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