Shelton Capital Management Boosts Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Shelton Capital Management grew its holdings in NICE Ltd. (NASDAQ:NICE) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 7,690 shares of the technology company’s stock after buying an additional 281 shares during the quarter. Shelton Capital Management’s holdings in NICE were worth $1,306,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in shares of NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after purchasing an additional 4,407 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in shares of NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares during the last quarter. Kopion Asset Management LLC purchased a new position in NICE during the fourth quarter valued at approximately $7,433,000. Ceera Investments LLC acquired a new position in shares of NICE in the 4th quarter valued at $4,963,000. Finally, CCLA Investment Management raised its position in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after acquiring an additional 87,003 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE stock opened at $153.44 on Thursday. The firm has a market cap of $9.65 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.07 and a beta of 1.05. The firm’s 50 day moving average price is $155.96 and its 200-day moving average price is $168.29. NICE Ltd. has a one year low of $137.19 and a one year high of $243.67.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 net margin of 16.18% and a return on equity of 16.17%. As a group, research analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NICE. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Barclays cut their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald dropped their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.64.

About NICE

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.