1,525 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,525 shares of the technology company’s stock, valued at approximately $259,000.

A number of other hedge funds also recently bought and sold shares of NICE. Avion Wealth acquired a new position in shares of NICE during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC purchased a new position in NICE in the fourth quarter worth approximately $25,000. Creative Financial Designs Inc. ADV grew its holdings in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after purchasing an additional 67 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NICE in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Ratings Changes

NICE has been the subject of a number of analyst reports. DA Davidson lowered their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Rosenblatt Securities dropped their price objective on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Cantor Fitzgerald dropped their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Performance

Shares of NICE opened at $140.62 on Tuesday. The stock has a market capitalization of $8.84 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73. The company’s fifty day moving average is $166.02 and its two-hundred day moving average is $172.27.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Sell-side analysts predict that NICE Ltd. will post 9.85 EPS for the current year.

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.