Fisher Asset Management LLC Reduces Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Fisher Asset Management LLC reduced its position in shares of NICE Ltd. (NASDAQ:NICE) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 140,773 shares of the technology company’s stock after selling 128 shares during the quarter. Fisher Asset Management LLC’s holdings in NICE were worth $28,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in NICE by 8.9% during the third quarter. Commonwealth Equity Services LLC now owns 8,528 shares of the technology company’s stock valued at $1,450,000 after buying an additional 694 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of NICE by 4.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company’s stock worth $853,000 after acquiring an additional 228 shares during the last quarter. Advisor Partners II LLC grew its position in shares of NICE by 13.6% during the 3rd quarter. Advisor Partners II LLC now owns 2,909 shares of the technology company’s stock valued at $495,000 after acquiring an additional 348 shares during the period. Osborne Partners Capital Management LLC increased its stake in shares of NICE by 3.7% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 33,095 shares of the technology company’s stock worth $5,626,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in NICE by 23.9% in the 3rd quarter. Inspire Investing LLC now owns 5,605 shares of the technology company’s stock worth $953,000 after purchasing an additional 1,081 shares during the period. Institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. JMP Securities restated a “market outperform” rating and issued a $343.00 price target on shares of NICE in a research report on Friday, February 23rd. Mizuho increased their target price on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays raised their target price on shares of NICE from $283.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, DA Davidson upgraded shares of NICE from a “neutral” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, March 13th. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE presently has a consensus rating of “Buy” and an average price target of $291.00.

NICE Stock Performance

NICE opened at $221.48 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 1.99 and a beta of 1.04. The company has a fifty day moving average of $240.54 and a 200 day moving average of $211.99. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that NICE Ltd. will post 8.21 earnings per share for the current fiscal 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.