Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 3.23MM shares of NICE Systems Ltd. (NICE). This represents 5.1% of the company.
In their previous filing dated February 1, 2022 they reported 5.12MM shares and 8.10% of the company, a decrease in shares of 36.95% and a decrease in total ownership of 3.00% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 99.60% Downside
As of January 31, 2023, the average one-year price target for NICE Systems is $0.83. The forecasts range from a low of $0.71 to a high of $1.07. The average price target represents a decrease of 99.60% from its latest reported closing price of $207.43.
The projected annual revenue for NICE Systems is $2,478MM, an increase of 16.44%. The projected annual EPS is $8.63, an increase of 123.46%.
Fund Sentiment
There are 730 funds or institutions reporting positions in NICE Systems. This is an increase of 9 owner(s) or 1.25%.
Average portfolio weight of all funds dedicated to US:NICE is 0.4671%, an increase of 0.0730%. Total shares owned by institutions increased in the last three months by 0.96% to 56,250K shares.
What are large shareholders doing?
Capital Research Global Investors holds 7,150,386 shares
Massachusetts Financial Services holds 2,565,993 shares
Janus Henderson Group holds 2,495,794 shares
Capital International Investors holds 1,587,572 shares
Artisan Partners Limited Partnership holds 1,422,387 shares
NICE Background Information
(This description is provided by the company.)
NICE Ltd. is an Israel-based company, specializing in contact center software, telephone voice recording, data security, surveillance, and Robotic Process Automation as well as systems that analyze recorded data.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
