FIL Ltd Purchases Shares of 414,888 NICE Ltd. (NASDAQ:NICE)

FIL Ltd acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 414,888 shares of the technology company’s stock, valued at approximately $70,465,000. FIL Ltd owned 0.66% of NICE at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Avion Wealth purchased a new position in NICE during the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the 4th quarter worth $25,000. Richardson Financial Services Inc. raised its position in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares during the period. Sandy Spring Bank boosted its holdings in NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock valued at $38,000 after acquiring an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NICE during the third quarter valued at about $41,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Price Performance

NICE opened at $153.44 on Thursday. The stock has a market capitalization of $9.65 billion, a PE ratio of 22.70, a P/E/G ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $243.67. The firm’s fifty day moving average price is $155.96 and its 200 day moving average price is $168.29.

NICE (NASDAQ:NICE) last announced 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 net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, equities research analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NICE shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued 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 set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Cantor Fitzgerald cut their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Rosenblatt Securities decreased their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered 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 issued a buy rating to the company. According to data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and an average price target 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.