Sphera Funds Management LTD. Has $7.22 Million Position in NICE Ltd. (NASDAQ:NICE)

Sphera Funds Management LTD. cut its holdings in NICE Ltd. (NASDAQ:NICE) by 61.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,500 shares of the technology company’s stock after selling 67,961 shares during the quarter. NICE comprises 1.3% of Sphera Funds Management LTD.’s holdings, making the stock its 25th biggest position. Sphera Funds Management LTD. owned approximately 0.07% of NICE worth $7,218,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Avion Wealth bought a new position in NICE in the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE in the 4th quarter valued at $25,000. Anchor Investment Management LLC lifted its position in NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Richardson Financial Services Inc. boosted its stake 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 purchasing an additional 67 shares during the period. Finally, Sandy Spring Bank increased its holdings in NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock worth $38,000 after purchasing an additional 145 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Down 4.9%

Shares of NASDAQ NICE opened at $161.11 on Friday. The business’s 50 day moving average price is $153.58 and its two-hundred day moving average price is $165.37. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $215.65. The company has a market cap of $10.19 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.55). NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, research analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NICE. Cantor Fitzgerald cut their price target on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Rosenblatt Securities cut their target price on NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Citigroup reduced their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of NICE in a report on Wednesday, March 19th. Finally, DA Davidson reduced their target price on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.29.

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.