QRG Capital Management Inc. Acquires 527 Shares of NICE Ltd. (NASDAQ:NICE)

QRG Capital Management Inc. boosted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,347 shares of the technology company’s stock after buying an additional 527 shares during the quarter. QRG Capital Management Inc.’s holdings in NICE were worth $738,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in NICE by 329.9% in the fourth 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 during the last quarter. Bruni J V & Co. Co. purchased a new position in NICE in the third quarter valued at approximately $22,849,000. Asset Management One Co. Ltd. lifted its stake in NICE by 13.5% in the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after purchasing an additional 5,629 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after purchasing an additional 2,219 shares during the period. Finally, Kopion Asset Management LLC purchased a new stake in NICE in the fourth quarter worth $7,433,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 2.8 %

Shares of NASDAQ NICE opened at $144.62 on Wednesday. The stock’s 50-day simple moving average is $166.02 and its two-hundred day simple moving average is $172.27. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The firm has a market capitalization of $9.09 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last posted its quarterly earnings data 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). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. As a group, research analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Barclays reduced their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, StockNews.com lowered shares of 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

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.