NICE Ltd. (NASDAQ:NICE) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its position in NICE Ltd. (NASDAQ:NICE) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,022 shares of the technology company’s stock after selling 1,000 shares during the period. Nordea Investment Management AB’s holdings in NICE were worth $1,001,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of NICE by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 14,955 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 51 shares in the last quarter. Loomis Sayles & Co. L P increased its position in NICE by 25.2% during the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after buying an additional 60 shares in the last quarter. Diversified Trust Co raised its holdings in shares of NICE by 2.3% in the third quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock worth $508,000 after acquiring an additional 68 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of NICE by 3.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 2,432 shares of the technology company’s stock valued at $413,000 after acquiring an additional 72 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of NICE by 0.8% during the first quarter. LPL Financial LLC now owns 9,263 shares of the technology company’s stock valued at $2,120,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE stock opened at $261.57 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.45 and a current ratio of 2.06. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.35 and a beta of 1.02. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company’s 50-day simple moving average is $230.44 and its 200-day simple moving average is $199.34.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NICE shares. Citigroup boosted their price objective on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer increased their price target on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $343.00 price objective on shares of NICE in a research report on Friday, February 23rd. Northland Securities initiated coverage on NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 target price on the stock. Finally, TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE has a consensus rating of “Buy” and a consensus target price of $291.55.

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.