NICE Ltd. (NASDAQ:NICE) is Clal Insurance Enterprises Holdings Ltd’s 7th Largest Position

Clal Insurance Enterprises Holdings Ltd trimmed its stake in NICE Ltd. (NASDAQ:NICE) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,802,822 shares of the technology company’s stock after selling 61,709 shares during the period. NICE makes up 2.8% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 7th largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in NICE were worth $306,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth purchased a new stake in shares of NICE in the 4th quarter worth $25,000. Tradewinds Capital Management LLC purchased a new stake in shares of NICE in the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV increased 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% in 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 bought a new position in NICE in the 3rd quarter worth $41,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Trading Down 2.7 %

Shares of NASDAQ NICE opened at $139.18 on Friday. The firm’s 50-day moving average price is $166.68 and its 200-day moving average price is $172.47. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 12-month low of $137.65 and a 12-month high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. On average, equities analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Rosenblatt Securities dropped their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup dropped their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $231.64.

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.