Dimensional Fund Advisors LP Sells 891 Shares of NICE Ltd. (NASDAQ:NICE)

Dimensional Fund Advisors LP lowered its position in shares of NICE Ltd. (NASDAQ:NICE) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,691 shares of the technology company’s stock after selling 891 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of NICE worth $6,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NICE during the fourth quarter valued at $313,808,000. FIL Ltd purchased a new stake in shares of NICE during the 4th quarter valued at about $70,465,000. New South Capital Management Inc. bought a new stake in shares of NICE in the fourth quarter worth approximately $54,980,000. Perpetual Ltd bought a new stake in shares of NICE in the fourth quarter worth approximately $31,792,000. Finally, Raymond James Financial Inc. purchased a new position in shares of NICE during the fourth quarter valued at approximately $26,810,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Up 0.3%

Shares of NASDAQ:NICE opened at $164.31 on Monday. The firm has a fifty day simple moving average of $152.16 and a two-hundred day simple moving average of $165.53. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $229.33. The stock has a market capitalization of $10.39 billion, a P/E ratio of 24.31, a PEG ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE) last issued 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 for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, analysts expect that NICE Ltd. will post 9.85 earnings per share for the current year.

Wall Street Analyst Weigh In

NICE has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Morgan Stanley lowered their target price on NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald cut their price target on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, DA Davidson reduced their price target on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.29.

About NICE

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.