Barrow Hanley Mewhinney & Strauss LLC Buys New Stake in NICE Ltd. (NASDAQ:NICE)

Barrow Hanley Mewhinney & Strauss LLC bought a new position in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,847,670 shares of the technology company’s stock, valued at approximately $313,808,000. Barrow Hanley Mewhinney & Strauss LLC owned 2.94% of NICE at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avion Wealth bought a new position in shares of NICE in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE in the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC increased 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 worth $25,000 after buying an additional 100 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NICE shares. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Friday, May 16th. Barclays cut their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. DA Davidson lifted their target price on NICE from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Cantor Fitzgerald restated a “neutral” rating and set a $161.00 price target on shares of NICE in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.50.

NICE Stock Down 0.3%

Shares of NICE opened at $161.61 on Friday. The company has a 50-day moving average price of $155.58 and a two-hundred day moving average price of $165.01. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 1.07 and a beta of 1.03. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $200.65.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. NICE’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $2.58 EPS. Equities research analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.

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.