TimesSquare Capital Management LLC Has $53.59 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

TimesSquare Capital Management LLC cut its stake in shares of NICE Ltd. (NASDAQ:NICE) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 315,528 shares of the technology company’s stock after selling 16,702 shares during the quarter. TimesSquare Capital Management LLC’s holdings in NICE were worth $53,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC raised its position in shares of NICE by 48.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,522 shares of the technology company’s stock worth $258,000 after purchasing an additional 499 shares during the period. Buckingham Capital Management Inc. raised its position in NICE by 14.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 21,999 shares of the technology company’s stock valued at $3,736,000 after buying an additional 2,785 shares during the period. Truist Financial Corp raised its position in NICE by 15.2% during the fourth quarter. Truist Financial Corp now owns 4,335 shares of the technology company’s stock valued at $736,000 after buying an additional 571 shares during the period. Sanctuary Advisors LLC raised its position in NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after buying an additional 4,407 shares during the period. Finally, Principal Securities Inc. raised its position in NICE by 20.4% during the fourth quarter. Principal Securities Inc. now owns 6,160 shares of the technology company’s stock valued at $1,046,000 after buying an additional 1,043 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NICE shares. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Citigroup dropped their price target on NICE from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and an average price target of $250.27.

NICE Stock Performance

NICE opened at $176.46 on Wednesday. The company has a market cap of $11.09 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The stock has a 50-day moving average of $171.57 and a 200-day moving average of $173.11. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73.

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.