Altshuler Shaham Ltd Cuts Stock Position in NICE Ltd. (NASDAQ:NICE)

Altshuler Shaham Ltd reduced its stake in NICE Ltd. (NASDAQ:NICE) by 74.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,195 shares of the technology company’s stock after selling 6,527 shares during the period. Altshuler Shaham Ltd’s holdings in NICE were worth $439,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in shares of NICE by 7.5% during the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after buying an additional 51 shares during the last quarter. Pacer Advisors Inc. grew its holdings in NICE by 11.1% in the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after acquiring an additional 60 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after acquiring an additional 64 shares during the period. Mendota Financial Group LLC boosted its holdings in shares of NICE by 9.0% during the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock worth $158,000 after purchasing an additional 65 shares during the period. Finally, Diversified Trust Co raised its position in NICE by 2.3% during the 3rd quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock valued at $508,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE traded up $0.83 during trading hours on Thursday, reaching $222.85. 548,190 shares of the stock traded hands, compared to its average volume of 362,500. The company has a market cap 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. The company’s 50-day moving average price is $239.14 and its two-hundred day moving average price is $213.34. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays lifted their price target on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. DA Davidson upgraded NICE from a “neutral” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research note on Wednesday, March 13th. Oppenheimer increased their price objective on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Mizuho boosted their target price on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE presently has a consensus rating of “Buy” and a consensus price target of $291.00.

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.