Federated Hermes Inc. Acquires 2,416 Shares of NICE Ltd. (NASDAQ:NICE)

Federated Hermes Inc. grew its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 17.1% in the fourth quarter, HoldingsChannel reports. The fund owned 16,539 shares of the technology company’s stock after purchasing an additional 2,416 shares during the quarter. Federated Hermes Inc.’s holdings in NICE were worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership lifted its stake in shares of NICE by 1.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company’s stock valued at $244,150,000 after buying an additional 16,513 shares in the last quarter. Black Creek Investment Management Inc. lifted its stake in shares of NICE by 22.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock valued at $194,533,000 after buying an additional 206,551 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of NICE by 0.6% during the 3rd quarter. William Blair Investment Management LLC now owns 1,017,406 shares of the technology company’s stock valued at $172,929,000 after buying an additional 5,803 shares in the last quarter. RGM Capital LLC lifted its stake in shares of NICE by 14.3% during the 3rd quarter. RGM Capital LLC now owns 907,048 shares of the technology company’s stock valued at $154,198,000 after buying an additional 113,170 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in NICE by 169.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company’s stock worth $89,902,000 after purchasing an additional 332,650 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of several research analyst reports. Wedbush boosted their price target on shares of NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada boosted their price target on shares of NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Citigroup boosted their price target on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Rosenblatt Securities initiated coverage on shares of NICE in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price target on the stock. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $291.00.

NICE Stock Down 0.7 %

Shares of NASDAQ NICE opened at $225.48 on Friday. The firm’s 50-day moving average price is $241.58 and its 200-day moving average price is $209.95. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 2.04 and a beta of 1.02. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. On average, equities research analysts anticipate that NICE Ltd. will post 8.21 EPS 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.