Oppenheimer & Co. Inc. Sells 810 Shares of NICE Ltd. (NASDAQ:NICE)

Oppenheimer & Co. Inc. trimmed its holdings in NICE Ltd. (NASDAQ:NICE) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,783 shares of the technology company’s stock after selling 810 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NICE were worth $3,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NICE. Bruni J V & Co. Co. bought a new stake in shares of NICE in the third quarter worth approximately $22,849,000. Sanctuary Advisors LLC boosted its holdings in NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after purchasing an additional 4,407 shares during the last quarter. Asset Management One Co. Ltd. grew its position in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares during the period. Clear Creek Financial Management LLC raised its stake in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares during the last quarter. Finally, Kopion Asset Management LLC bought a new position in shares of NICE during the 4th quarter valued at $7,433,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NICE. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities cut their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Finally, Citigroup decreased their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Trading Down 2.7 %

Shares of NICE opened at $139.18 on Friday. The business’s 50 day moving average is $166.68 and its 200 day moving average is $172.47. NICE Ltd. has a 12-month low of $137.65 and a 12-month high of $270.73. The company has a market capitalization of $8.75 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million during 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%. Equities research analysts predict that NICE Ltd. will post 9.85 earnings per share 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.