NICE Ltd. (NASDAQ:NICE) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its position in NICE Ltd. (NASDAQ:NICE) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,989 shares of the technology company’s stock after selling 621 shares during the quarter. Van ECK Associates Corp’s holdings in NICE were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in NICE by 11.1% in the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after acquiring an additional 60 shares in the last quarter. Lindbrook Capital LLC grew its holdings 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 purchasing an additional 64 shares in the last quarter. Mendota Financial Group LLC grew its holdings in shares of NICE by 9.0% in the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock valued at $158,000 after purchasing an additional 65 shares in the last quarter. Diversified Trust Co increased its stake in NICE by 2.3% during the 3rd quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock worth $508,000 after buying an additional 68 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in NICE by 3.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,432 shares of the technology company’s stock worth $413,000 after buying an additional 72 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $343.00 price objective on shares of NICE in a research report on Friday, February 23rd. Rosenblatt Securities began coverage on NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price target on the stock. DA Davidson raised NICE from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Mizuho upped their target price on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Oppenheimer lifted their price target on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $291.00.

NICE Price Performance

NICE stock opened at $222.10 on Tuesday. The business has a 50 day simple moving average of $240.11 and a 200-day simple moving average of $212.81. The company has a market capitalization of $13.96 billion, a P/E ratio of 43.63, a PEG ratio of 1.99 and a beta of 1.04. NICE Ltd. has a twelve month low of $149.54 and a twelve month 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 posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. During the same period in the previous year, the business posted $1.40 earnings per share. NICE’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that NICE Ltd. will post 8.21 EPS for the current 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.