New York State Common Retirement Fund Has $14.65 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

New York State Common Retirement Fund lessened its position in NICE Ltd. (NASDAQ:NICE) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 86,267 shares of the technology company’s stock after selling 2,959 shares during the period. New York State Common Retirement Fund’s holdings in NICE were worth $14,652,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of NICE. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after purchasing an additional 279,375 shares in the last quarter. CCLA Investment Management increased its position in shares of NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after acquiring an additional 87,003 shares in the last quarter. American Capital Management Inc. increased its holdings in NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after purchasing an additional 7,303 shares in the last quarter. Parnassus Investments LLC increased its holdings in NICE by 1.5% during the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after purchasing an additional 7,635 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NICE by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company’s stock worth $49,831,000 after purchasing an additional 4,411 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Trading Up 1.2 %

NASDAQ:NICE opened at $155.39 on Monday. The firm’s 50 day moving average is $170.08 and its 200 day moving average is $173.01. NICE Ltd. has a 12 month low of $147.38 and a 12 month high of $270.73. The stock has a market capitalization of $9.77 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last issued its 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 firm 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%. Research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NICE has been the subject of several recent research reports. Barclays decreased their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday. DA Davidson reduced their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Northland Securities dropped their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Finally, Rosenblatt Securities decreased their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.29.

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.