NICE Ltd. (NASDAQ:NICE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of NICE Ltd. (NASDAQ:NICE) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,004 shares of the technology company’s stock after selling 475 shares during the quarter. HighTower Advisors LLC owned about 0.06% of NICE worth $6,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc bought a new stake in shares of NICE in the 3rd quarter worth $215,000. Natixis Advisors LLC acquired a new position in NICE during the third quarter worth about $1,805,000. GLOBALT Investments LLC GA raised its position in NICE by 2.1% in the third quarter. GLOBALT Investments LLC GA now owns 7,333 shares of the technology company’s stock worth $1,274,000 after acquiring an additional 154 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in NICE by 33.6% in the 3rd quarter. Pathstone Holdings LLC now owns 8,992 shares of the technology company’s stock valued at $1,562,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Bruni J V & Co. Co. bought a new position in shares of NICE during the 3rd quarter valued at about $22,849,000. Institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NASDAQ NICE opened at $151.02 on Wednesday. NICE Ltd. has a one year low of $137.19 and a one year high of $270.73. The business’s 50-day moving average price is $160.44 and its two-hundred day moving average price is $169.79. The company has a market capitalization of $9.49 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, equities analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analyst Weigh In

NICE has been the subject of several recent research reports. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Rosenblatt Securities cut their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Barclays reduced their target price on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, 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 note 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.