FMR LLC & Abigail Johnson Trim NICE Ltd. Stake to 2.33%
Ticker: NCSYF · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1003935
| Field | Detail |
|---|---|
| Company | Nice Ltd. (NCSYF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, ownership-change
TL;DR
**FMR LLC and Abigail Johnson now own 2.33% of NICE, down from a previous filing, signaling a slight reduction in their passive stake.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in NICE Ltd. (NICE) through an SC 13G/A filing on February 9, 2024. They now beneficially own 1,475,622 shares of NICE's common stock, representing 2.330% of the company. This is an amendment to a previous filing, indicating a change in their passive investment position, which matters to investors as it shows a significant institutional holder's current, albeit reduced, commitment to the stock.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their passive ownership in NICE Ltd., which could signal a minor shift in their investment outlook for the company.
Risk Assessment
Risk Level: low — This filing indicates a passive investment change by a large institutional investor, which typically carries low direct risk for other shareholders.
Analyst Insight
Investors should note that a significant institutional holder, FMR LLC, has slightly reduced its passive stake in NICE Ltd. This isn't a strong buy or sell signal, but it's worth monitoring future filings for further changes in their position, which could indicate a more definitive shift in sentiment.
Key Numbers
- 1,475,622 — Shares Beneficially Owned (This is the total number of NICE Ltd. common shares FMR LLC and Abigail P. Johnson now own.)
- 2.330% — Percent of Class (This represents the percentage of NICE Ltd.'s total common stock that FMR LLC and Abigail P. Johnson collectively own.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- NICE Ltd. (company) — subject company, issuer of the common stock
- 1,475,622 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 2.330% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a passive investment stance in NICE Ltd. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Abigail P. Johnson's beneficial ownership percentage in NICE Ltd. will remain consistent with FMR LLC's. (Abigail P. Johnson) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of NICE Ltd. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
According to Item 4(a) and Item 9 on the cover page for both reporting persons, they beneficially own 1,475,622 shares of NICE Ltd. common stock.
What percentage of NICE Ltd.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 2.330% of NICE Ltd.'s common stock, as indicated in Item 4(b) and Item 11 on the cover page for both reporting persons.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the first page of the filing.
What is the CUSIP number for NICE Ltd. common stock mentioned in the filing?
The CUSIP number for NICE Ltd. common stock is M7494X101, as stated in Item 2(e) and on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NICE Ltd. (NCSYF).