TimesSquare Capital Management LLC cut its position in shares of NiCE (NASDAQ:NICE – Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,632 shares of the technology company’s stock after selling 11,790 shares during the period. TimesSquare Capital Management LLC owned approximately 0.45% of NiCE worth $31,949,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in shares of NiCE in the 2nd quarter valued at $40,000. Legal & General Group Plc acquired a new position in shares of NiCE in the 2nd quarter valued at $65,000. UMB Bank n.a. lifted its stake in shares of NiCE by 66.0% in the 3rd quarter. UMB Bank n.a. now owns 478 shares of the technology company’s stock valued at $69,000 after purchasing an additional 190 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NiCE in the 3rd quarter valued at $74,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of NiCE by 115.6% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 951 shares of the technology company’s stock valued at $161,000 after purchasing an additional 510 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.
NiCE Price Performance
Shares of NICE opened at $92.41 on Tuesday. NiCE has a 1-year low of $84.38 and a 1-year high of $180.61. The stock has a market cap of $5.58 billion, a PE ratio of 10.96, a P/E/G ratio of 0.93 and a beta of 0.82. The firm has a 50-day simple moving average of $107.07 and a two-hundred day simple moving average of $111.38.
NiCE declared that its board has approved a stock buyback plan on Thursday, February 19th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on NICE shares. Royal Bank Of Canada dropped their price target on shares of NiCE from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Wedbush reiterated a “neutral” rating and set a $120.00 price target on shares of NiCE in a research report on Friday, February 20th. Rosenblatt Securities reiterated a “buy” rating and set a $155.00 price target on shares of NiCE in a research report on Friday, February 20th. Finally, Citizens Jmp dropped their price target on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $136.92.
View Our Latest Stock Report on NICE
NiCE Company Profile
NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.
In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.
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