Campbell & CO Investment Adviser LLC Sells 1,808 Shares of NICE Ltd. (NASDAQ:NICE)

Campbell & CO Investment Adviser LLC lessened its stake in NICE Ltd. (NASDAQ:NICEFree Report) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,645 shares of the technology company’s stock after selling 1,808 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in NICE were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NICE. GAMMA Investing LLC bought a new stake in NICE during the fourth quarter worth $25,000. Lindbrook Capital LLC raised its holdings in shares of NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in NICE in the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in NICE in the 3rd quarter valued at about $37,000. Finally, Principal Securities Inc. bought a new position in NICE during the fourth quarter worth about $64,000. 63.34% of the stock is owned by institutional investors.

NICE Price Performance

Shares of NASDAQ NICE opened at $168.75 on Friday. The business has a fifty day moving average price of $216.01 and a two-hundred day moving average price of $217.18. The stock has a market capitalization of $10.61 billion, a PE ratio of 30.46, a P/E/G ratio of 1.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICEGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. The business had revenue of $659.31 million during the quarter, compared to the consensus estimate of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. As a group, equities analysts predict that NICE Ltd. will post 8.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NICE. DA Davidson raised NICE from a “neutral” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research report on Wednesday, March 13th. Bank of America reduced their price objective on shares of NICE from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Barclays increased their price objective on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Citigroup lifted their target price on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush increased their price target on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NICE currently has a consensus rating of “Buy” and a consensus target price of $285.92.

Check Out Our Latest Research Report on NICE

NICE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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