Russell Investments Group Ltd. Has $25.69 Million Position in NICE Ltd. (NASDAQ:NICE)

Russell Investments Group Ltd. lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 1,157.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 150,714 shares of the technology company’s stock after buying an additional 138,729 shares during the period. Russell Investments Group Ltd.’s holdings in NICE were worth $25,688,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NICE. Avion Wealth acquired a new position in NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its stake in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after buying an additional 67 shares in the last quarter. Sandy Spring Bank increased its holdings in NICE by 181.3% during the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock worth $38,000 after buying an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NICE during the third quarter worth $41,000. Institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NICE shares. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Rosenblatt Securities lowered their price target on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Barclays cut their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Cantor Fitzgerald reduced their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Citigroup dropped their price target on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Down 3.3 %

Shares of NICE stock opened at $142.24 on Wednesday. The company has a 50-day simple moving average of $156.45 and a two-hundred day simple moving average of $168.49. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $244.80. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.

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 the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, sell-side analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

NICE Company 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.