Altshuler Shaham Ltd Lowers Holdings in NICE Ltd. (NASDAQ:NICE)

Altshuler Shaham Ltd decreased its stake in NICE Ltd. (NASDAQ:NICE) by 74.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,195 shares of the technology company’s stock after selling 6,527 shares during the quarter. Altshuler Shaham Ltd’s holdings in NICE were worth $439,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in shares of NICE during the fourth quarter worth about $807,000. Private Advisor Group LLC raised its holdings in shares of NICE by 9.5% during the fourth quarter. Private Advisor Group LLC now owns 4,417 shares of the technology company’s stock valued at $881,000 after acquiring an additional 385 shares during the last quarter. Spire Wealth Management boosted its stake in shares of NICE by 7.5% in the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock worth $154,000 after acquiring an additional 51 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of NICE during the fourth quarter worth approximately $226,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in NICE by 91.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,061 shares of the technology company’s stock valued at $212,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NICE. Mizuho upped their target price on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays upped their price target on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Citigroup increased their price target on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, Rosenblatt Securities assumed coverage on shares of NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price target for the company. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE has a consensus rating of “Buy” and an average target price of $291.00.

NICE Price Performance

Shares of NICE stock traded up $0.83 on Thursday, hitting $222.85. The company’s stock had a trading volume of 548,190 shares, compared to its average volume of 362,500. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $239.14 and a 200-day moving average price of $213.34. The company has a market capitalization of $14.01 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. On average, equities research analysts expect that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

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.