Trexquant Investment LP Takes Position in NICE Ltd. (NASDAQ:NICE)

Trexquant Investment LP purchased a new stake in shares of NICE Ltd. (NASDAQ:NICE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,355 shares of the technology company’s stock, valued at approximately $1,249,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in shares of NICE by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after acquiring an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of 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 purchasing an additional 2,219 shares during the period. Kopion Asset Management LLC purchased a new stake in NICE during the 4th quarter worth about $7,433,000. Ceera Investments LLC bought a new position in NICE in the 4th quarter worth about $4,963,000. Finally, CCLA Investment Management grew its holdings in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after buying an additional 87,003 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

NICE has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Citigroup reduced their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Finally, Rosenblatt Securities dropped their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Performance

Shares of NICE opened at $153.44 on Thursday. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $243.67. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.07 and a beta of 1.05. The firm has a 50 day moving average price of $155.96 and a 200-day moving average price of $168.29.

NICE (NASDAQ:NICE) last posted 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 business had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current 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.