NICE Ltd. (NASDAQ:NICE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in NICE Ltd. (NASDAQ:NICE) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,828 shares of the technology company’s stock after acquiring an additional 3,665 shares during the quarter. Federated Hermes Inc.’s holdings in NICE were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Financial Perspectives Inc increased its position in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after purchasing an additional 66 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of 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 buying an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of NICE by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after buying an additional 77 shares during the last quarter. Berry Wealth Group LP raised its position in shares of NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after buying an additional 80 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 2.4 %

Shares of NASDAQ:NICE opened at $152.61 on Friday. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $238.13. The firm’s 50 day moving average price is $155.35 and its 200 day moving average price is $168.02. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE) last released its quarterly earnings data 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 firm had revenue of $721.60 million for 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%. On average, equities analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analyst Weigh In

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

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.