Published on 18 Dec 2023 on Insider Monkey via Yahoo Finance
NICE Ltd. (NICE) Stock Declined Amid Worries About Slowing Cloud Revenue Growth
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy outperformed the Russell Midcap Growth Index and returned -4.11% (net) while the index return was -5.22%. The third quarter saw a decline in global equities markets, although they have held up positive year-to-date. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks like NICE Ltd. (NASDAQ:NICE) in the Q3 2023 investor letter. Headquartered in Ra’anana, Israel, NICE Ltd. (NASDAQ:NICE) is a cloud platform provider. On December 15, 2023, NICE Ltd. (NASDAQ:NICE) stock closed at $199.20 per share. One-month return of NICE Ltd. (NASDAQ:NICE) was 2.08%, and its shares gained 0.50% of their value over the last 52 weeks. NICE Ltd. (NASDAQ:NICE) has a market capitalization of $12.615 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about NICE Ltd. (NASDAQ:NICE) in its Q3 2023 investor letter: