Sei Investments Co. reduced its position in shares of NICE Ltd. (NASDAQ:NICE) by 9.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,509 shares of the technology company’s stock after selling 23,672 shares during the quarter. Sei Investments Co.’s holdings in NICE were worth $46,950,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in NICE. BlackRock Inc. increased its stake in NICE by 4,864,233.3% during the 4th quarter. BlackRock Inc. now owns 875,580 shares of the technology company’s stock valued at $248,261,000 after purchasing an additional 875,562 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of NICE during the 4th quarter valued at about $167,039,000. Artisan Partners Limited Partnership boosted its holdings in shares of NICE by 19.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,566,858 shares of the technology company’s stock valued at $1,011,347,000 after acquiring an additional 582,453 shares during the last quarter. CCLA Investment Management Ltd purchased a new stake in shares of NICE during the 1st quarter valued at about $88,664,000. Finally, Jennison Associates LLC boosted its holdings in shares of NICE by 32.1% during the 1st quarter. Jennison Associates LLC now owns 711,704 shares of the technology company’s stock valued at $155,130,000 after acquiring an additional 173,094 shares during the last quarter. Institutional investors and hedge funds own 62.38% of the company’s stock.
A number of analysts have recently issued reports on NICE shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell dropped their price target on shares of NICE from $312.00 to $296.00 and set a “buy” rating on the stock in a report on Friday, May 14th. Zacks Investment Research downgraded shares of NICE from a “hold” rating to a “sell” rating in a report on Thursday, May 27th. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a report on Friday, May 7th. Wedbush raised their price objective on shares of NICE from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 19th. Finally, Morgan Stanley dropped their price objective on shares of NICE from $338.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, May 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. NICE has a consensus rating of “Buy” and a consensus target price of $288.85.
NICE (NASDAQ:NICE) last released its earnings results on Thursday, May 13th. The technology company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.33. NICE had a net margin of 11.98% and a return on equity of 12.17%. Sell-side analysts predict that NICE Ltd. will post 4.86 earnings per share for the current fiscal year.
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.
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