Woodline Partners LP Buys Shares of 62,488 NICE Ltd. (NASDAQ:NICE)

Woodline Partners LP bought a new stake in NICE Ltd. (NASDAQ:NICEGet Rating) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 62,488 shares of the technology company’s stock, valued at approximately $13,685,000. Woodline Partners LP owned about 0.10% of NICE as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc acquired a new position in shares of NICE during the first quarter valued at $36,000. Aaron Wealth Advisors LLC acquired a new position in shares of NICE during the first quarter valued at $47,000. Standard Family Office LLC acquired a new position in shares of NICE during the first quarter valued at $51,000. Loomis Sayles & Co. L P increased its holdings in shares of NICE by 25.2% during the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after purchasing an additional 60 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of NICE during the first quarter valued at $73,000. 64.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on NICE shares. Morgan Stanley lowered their price target on NICE from $260.00 to $235.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Royal Bank of Canada raised their price target on NICE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, August 19th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 10th. JPMorgan Chase & Co. lifted their target price on NICE from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Finally, Citigroup lifted their target price on NICE to $275.00 in a report on Monday, August 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

NICE Trading Up 0.8 %

Shares of NICE opened at $212.43 on Monday. The business’s 50-day moving average price is $212.47 and its 200 day moving average price is $209.17. The stock has a market capitalization of $13.48 billion, a P/E ratio of 63.99, a P/E/G ratio of 2.86 and a beta of 0.85. NICE Ltd. has a 1-year low of $179.13 and a 1-year high of $319.88. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16.

NICE (NASDAQ:NICEGet Rating) last issued its quarterly earnings results on Thursday, August 18th. The technology company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The firm had revenue of $530.60 million for the quarter, compared to analysts’ expectations of $525.05 million. NICE had a return on equity of 11.52% and a net margin of 10.74%. NICE’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Analysts expect that NICE Ltd. will post 5.44 earnings per share for the current year.

NICE Company Profile

(Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.

See Also

Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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