Janus Henderson Group PLC Has $110.41 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

Janus Henderson Group PLC grew its holdings in NICE Ltd. (NASDAQ:NICE) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 650,056 shares of the technology company’s stock after purchasing an additional 5,609 shares during the period. Janus Henderson Group PLC’s holdings in NICE were worth $110,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NICE. Unique Wealth LLC acquired a new stake in shares of NICE in the fourth quarter valued at approximately $257,000. Tlwm raised its holdings in shares of NICE by 4.0% in the fourth quarter. Tlwm now owns 3,514 shares of the technology company’s stock valued at $597,000 after purchasing an additional 134 shares during the last quarter. CCLA Investment Management raised its holdings in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after purchasing an additional 87,003 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of NICE by 38.9% in the fourth quarter. Park Avenue Securities LLC now owns 10,132 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Kopion Asset Management LLC acquired a new stake in shares of NICE in the fourth quarter valued at approximately $7,433,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NICE has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays lowered their target price 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. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. Citigroup lowered their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, DA Davidson lowered their target price on shares of NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.29.

NICE Price Performance

NASDAQ:NICE opened at $164.00 on Tuesday. NICE Ltd. has a one year low of $137.19 and a one year high of $229.33. The company has a market cap of $10.37 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.07 and a beta of 1.03. The firm’s fifty day moving average price is $152.48 and its two-hundred day moving average price is $165.46.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. As a group, equities research analysts expect 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.