Transamerica Financial Advisors Inc. Sells 86 Shares of NICE Ltd. (NASDAQ:NICE)

Transamerica Financial Advisors Inc. cut its position in shares of NICE Ltd. (NASDAQ:NICE) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,057 shares of the technology company’s stock after selling 86 shares during the period. Transamerica Financial Advisors Inc.’s holdings in NICE were worth $180,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NICE. Avion Wealth bought a new position in shares of NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the 4th quarter valued at $25,000. Richardson Financial Services Inc. grew its position in 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 acquiring an additional 67 shares during the last quarter. Sandy Spring Bank grew its position in NICE by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock valued at $38,000 after acquiring an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NICE in the third quarter worth $41,000. 63.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays cut their price target on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Jefferies Financial Group restated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of NICE in a research note on Wednesday, March 19th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a “neutral” 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 issued a buy rating to the company’s stock. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Performance

NICE stock opened at $155.48 on Friday. NICE Ltd. has a one year low of $137.19 and a one year high of $260.62. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.07 and a beta of 1.12. The firm has a 50-day simple moving average of $159.03 and a two-hundred day simple moving average of $169.32.

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