Haven Capital Group Inc. Makes New $5.58 Million Investment in NICE Ltd. (NASDAQ:NICE)

Haven Capital Group Inc. acquired a new stake in NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,835 shares of the technology company’s stock, valued at approximately $5,577,000. NICE comprises about 5.2% of Haven Capital Group Inc.’s holdings, making the stock its 6th biggest holding.

Several other large investors also recently made changes to their positions in the stock. New South Capital Management Inc. bought a new position in NICE during the fourth quarter worth about $54,980,000. Perpetual Ltd bought a new position in shares of NICE during the 4th quarter worth approximately $31,792,000. Raymond James Financial Inc. acquired a new position in shares of NICE during the 4th quarter worth approximately $26,810,000. World Investment Advisors LLC bought a new stake in NICE in the 3rd quarter valued at $24,547,000. Finally, Bruni J V & Co. Co. acquired a new stake in NICE during the 3rd quarter valued at $22,849,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NICE. Royal Bank of Canada decreased their price objective on shares of NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Cantor Fitzgerald lowered 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. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Barclays lowered their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research note 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Performance

NICE opened at $151.05 on Tuesday. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $270.73. The firm has a market cap of $9.50 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The business’s fifty day moving average is $160.75 and its 200-day moving average is $169.95.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

NICE 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.