Sequoia Financial Advisors LLC Sells 346 Shares of NICE Ltd. (NASDAQ:NICE)

Sequoia Financial Advisors LLC lessened its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 18.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,483 shares of the technology company’s stock after selling 346 shares during the period. Sequoia Financial Advisors LLC’s holdings in NICE were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NICE. New South Capital Management Inc. bought a new stake in NICE during the 4th quarter valued at $54,980,000. Perpetual Ltd bought a new stake in shares of NICE in the 4th quarter worth $31,792,000. Raymond James Financial Inc. bought a new stake in shares of NICE in the 4th quarter worth $26,810,000. World Investment Advisors LLC bought a new stake in shares of NICE in the 3rd quarter worth $24,547,000. Finally, Swedbank AB grew its stake in shares of NICE by 201.7% in the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock worth $24,470,000 after acquiring an additional 94,200 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday. Citigroup reduced their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Barclays cut their price target on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Cantor Fitzgerald cut their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, NICE presently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Price Performance

Shares of NASDAQ NICE opened at $151.98 on Thursday. The stock has a market capitalization of $9.56 billion, a P/E ratio of 22.48, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a one year low of $137.19 and a one year high of $270.73. The firm’s 50 day simple moving average is $160.17 and its two-hundred day simple moving average is $169.67.

NICE (NASDAQ:NICE) last released 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). The company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

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.