Virtu Financial LLC Has $1.27 Million Position in NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC raised its holdings in NICE Ltd. (NASDAQ:NICE) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,461 shares of the technology company’s stock after buying an additional 1,947 shares during the period. Virtu Financial LLC’s holdings in NICE were worth $1,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NICE. New South Capital Management Inc. acquired a new stake in NICE in the 4th quarter valued at $54,980,000. Perpetual Ltd bought a new position in shares of NICE in the 4th quarter valued at about $31,792,000. Raymond James Financial Inc. bought a new position in shares of NICE in the 4th quarter valued at about $26,810,000. Boston Partners grew its position in shares of NICE by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after acquiring an additional 151,528 shares during the period. Finally, World Investment Advisors LLC bought a new position in shares of NICE in the 3rd quarter valued at about $24,547,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Citigroup decreased their price objective 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. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Finally, Barclays reduced their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Up 1.8 %

Shares of NICE stock opened at $156.78 on Monday. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The company has a 50-day simple moving average of $159.84 and a two-hundred day simple moving average of $169.49. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analyst estimates 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.

About NICE

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.