1,700 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Allianz SE

Allianz SE acquired a new stake in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,700 shares of the technology company’s stock, valued at approximately $290,000.

A number of other large investors also recently bought and sold shares of NICE. Boston Partners increased its stake in shares of NICE by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock worth $283,349,000 after acquiring an additional 151,528 shares during the period. CCLA Investment Management increased its position in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after purchasing an additional 87,003 shares during the period. American Capital Management Inc. raised its stake in shares of NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after buying an additional 7,303 shares in the last quarter. Platinum Investment Management Ltd. lifted its holdings in shares of NICE by 40.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company’s stock valued at $68,838,000 after buying an additional 117,631 shares during the period. Finally, New South Capital Management Inc. purchased a new stake in shares of NICE in the fourth quarter valued at approximately $54,980,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NICE. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup dropped their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Barclays dropped their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Price Performance

NASDAQ NICE opened at $155.48 on Monday. The company has a 50-day moving average of $159.03 and a 200-day moving average of $169.37. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $260.62. The company has a market cap of $9.78 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last posted its quarterly earnings results 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 company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities research analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

NICE 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.