Taylor Frigon Capital Management LLC Has $2.21 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

Taylor Frigon Capital Management LLC lowered its stake in NICE Ltd. (NASDAQ:NICE) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,984 shares of the technology company’s stock after selling 1,052 shares during the period. Taylor Frigon Capital Management LLC’s holdings in NICE were worth $2,205,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its stake in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Avion Wealth acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Richardson Financial Services Inc. raised its stake in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in NICE during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NICE shares. Northland Securities dropped their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Cantor Fitzgerald dropped their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Rosenblatt Securities dropped their price objective on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Trading Down 4.4 %

NICE stock opened at $144.89 on Thursday. The stock has a 50-day moving average price of $168.07 and a two-hundred day moving average price of $172.70. The stock has a market cap of $9.11 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 1 year low of $144.62 and a 1 year high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company 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%. On average, analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

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.