Tower Research Capital LLC TRC Has $50,000 Holdings in NICE Ltd. (NASDAQ:NICE)

Tower Research Capital LLC TRC decreased its holdings in NICE Ltd. (NASDAQ:NICE) by 95.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250 shares of the technology company’s stock after selling 5,001 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NICE were worth $50,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NICE. AE Wealth Management LLC raised its stake in shares of NICE by 48.9% in the 3rd quarter. AE Wealth Management LLC now owns 2,379 shares of the technology company’s stock valued at $404,000 after buying an additional 781 shares in the last quarter. Clarius Group LLC raised its stake in shares of NICE by 7.2% in the 3rd quarter. Clarius Group LLC now owns 1,353 shares of the technology company’s stock valued at $230,000 after buying an additional 91 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of NICE in the 3rd quarter valued at $320,000. Commonwealth Equity Services LLC raised its stake in shares of NICE by 8.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,528 shares of the technology company’s stock valued at $1,450,000 after buying an additional 694 shares in the last quarter. Finally, Suncoast Equity Management raised its stake in shares of NICE by 5.8% in the 3rd quarter. Suncoast Equity Management now owns 2,355 shares of the technology company’s stock valued at $400,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of recent research reports. Northland Securities assumed coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price objective for the company. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Wedbush increased their target price on shares of NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Mizuho increased their target price on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Oppenheimer increased their target price on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $291.00.

NICE Price Performance

NASDAQ:NICE traded down $1.84 during mid-day trading on Tuesday, reaching $223.51. 272,268 shares of the company were exchanged, compared to its average volume of 350,245. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a fifty day moving average of $241.59 and a 200 day moving average of $210.70. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The stock has a market cap of $14.05 billion, a PE ratio of 43.91, a PEG ratio of 2.03 and a beta of 1.02.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. On average, research analysts anticipate that NICE Ltd. will post 8.21 EPS for the current fiscal 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.