Yelin Lapidot Holdings Management Ltd. Has $4.10 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Yelin Lapidot Holdings Management Ltd. reduced its position in shares of NICE Ltd. (NASDAQ:NICE) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,156 shares of the technology company’s stock after selling 700 shares during the period. Yelin Lapidot Holdings Management Ltd.’s holdings in NICE were worth $4,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Perspectives Inc lifted its position in shares of NICE by 11.6% during the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after purchasing an additional 66 shares during the last quarter. Richardson Financial Services Inc. raised its stake in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after purchasing an additional 67 shares during the last quarter. Berry Wealth Group LP boosted its holdings in NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after purchasing an additional 80 shares during the period. Rothschild Investment LLC increased its holdings in shares of NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after purchasing an additional 80 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NICE has been the topic of a number of research reports. Royal Bank of Canada lowered their price objective on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Citigroup dropped their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. 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, NICE has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Down 1.3 %

Shares of NICE opened at $142.99 on Friday. The stock’s fifty day simple moving average is $167.42 and its 200-day simple moving average is $172.49. The firm has a market capitalization of $8.99 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 12-month low of $142.77 and a 12-month high of $270.73.

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 business had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. Analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

NICE Company 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.