William Blair Investment Management LLC Acquires Shares of 800,406 Nice Ltd (NICE)

William Blair Investment Management LLC acquired a new stake in Nice Ltd (NASDAQ:NICE) in the 4th quarter, HoldingsChannel reports. The fund acquired 800,406 shares of the technology company’s stock, valued at approximately $73,564,000.

A number of other large investors also recently modified their holdings of the stock. Meitav Dash Investments Ltd. bought a new position in Nice in the 4th quarter valued at approximately $2,804,000. Millennium Management LLC increased its position in Nice by 37.8% in the 4th quarter. Millennium Management LLC now owns 15,928 shares of the technology company’s stock valued at $1,464,000 after acquiring an additional 4,373 shares during the period. Raymond James & Associates increased its position in Nice by 2.2% in the 4th quarter. Raymond James & Associates now owns 59,790 shares of the technology company’s stock valued at $5,495,000 after acquiring an additional 1,294 shares during the period. Earnest Partners LLC increased its position in Nice by 83.4% in the 4th quarter. Earnest Partners LLC now owns 138,389 shares of the technology company’s stock valued at $12,719,000 after acquiring an additional 62,939 shares during the period. Finally, Ellington Management Group LLC acquired a new position in Nice in the 4th quarter valued at approximately $285,000. 45.90% of the stock is owned by institutional investors and hedge funds.

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Nice Ltd (NASDAQ NICE) opened at $95.59 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.32 and a quick ratio of 1.28. Nice Ltd has a 12-month low of $66.22 and a 12-month high of $98.48. The stock has a market cap of $5,850.60, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.50. Nice had a net margin of 10.76% and a return on equity of 10.45%. The company had revenue of $392.24 million during the quarter, compared to analysts’ expectations of $390.90 million. equities research analysts predict that Nice Ltd will post 2.59 earnings per share for the current year.

Several brokerages have issued reports on NICE. Zacks Investment Research upgraded shares of Nice from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Wednesday, January 10th. Oppenheimer restated a “buy” rating and issued a $100.00 price target (up from $90.00) on shares of Nice in a research report on Wednesday, December 13th. Barclays restated a “hold” rating and issued a $93.00 price target on shares of Nice in a research report on Sunday, February 18th. BidaskClub cut shares of Nice from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, Chardan Capital restated a “neutral” rating and issued a $99.00 price target (up from $91.00) on shares of Nice in a research report on Wednesday, February 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $93.86.

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Nice Profile

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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