Sonora Investment Management LLC lifted its position in NICE Ltd. (NASDAQ:NICE) by 133.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 525 shares of the technology company’s stock after buying an additional 300 shares during the quarter. Sonora Investment Management LLC’s holdings in NICE were worth $149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in shares of NICE by 21.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,316 shares of the technology company’s stock worth $1,661,000 after buying an additional 1,287 shares in the last quarter. Sei Investments Co. raised its stake in shares of NICE by 33.1% in the 3rd quarter. Sei Investments Co. now owns 222,652 shares of the technology company’s stock worth $50,554,000 after buying an additional 55,343 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of NICE by 24.6% in the 3rd quarter. Townsquare Capital LLC now owns 5,149 shares of the technology company’s stock worth $1,189,000 after buying an additional 1,018 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of NICE by 165.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 41,707 shares of the technology company’s stock worth $9,469,000 after buying an additional 25,987 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of NICE in the 3rd quarter worth $85,914,000. 51.97% of the stock is currently owned by institutional investors.

Shares of NICE stock traded down $1.05 on Wednesday, reaching $275.00. 408,314 shares of the company’s stock traded hands, compared to its average volume of 354,193. NICE Ltd. has a 12-month low of $110.59 and a 12-month high of $288.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $17.16 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 4.97 and a beta of 0.75. The business’s 50 day moving average price is $260.86 and its two-hundred day moving average price is $230.06.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, November 12th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. NICE had a return on equity of 12.75% and a net margin of 12.38%. The business had revenue of $412.00 million for the quarter, compared to the consensus estimate of $408.04 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. NICE’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that NICE Ltd. will post 4.57 earnings per share for the current year.

NICE has been the topic of a number of recent research reports. Citigroup decreased their target price on NICE from $262.00 to $254.00 in a report on Wednesday, September 16th. Oppenheimer lifted their target price on NICE from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Wedbush lifted their target price on NICE from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 13th. Rosenblatt Securities lifted their target price on NICE from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, November 13th. Finally, Bank of America initiated coverage on NICE in a report on Tuesday, November 3rd. They issued a “buy” rating and a $280.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $268.36.

NICE Company Profile

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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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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