Raymond James Trust N.A. Invests $232,000 in NICE Ltd. (NASDAQ:NICE)

Raymond James Trust N.A. bought a new position in shares of NICE Ltd. (NASDAQ:NICEFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,161 shares of the technology company’s stock, valued at approximately $232,000.

Several other hedge funds also recently made changes to their positions in NICE. Legal & General Group Plc boosted its position in NICE by 0.3% in the second quarter. Legal & General Group Plc now owns 14,955 shares of the technology company’s stock valued at $2,878,000 after buying an additional 51 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in NICE by 25.2% in the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after buying an additional 60 shares in the last quarter. Diversified Trust Co boosted its position in NICE by 2.3% in the third quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock valued at $508,000 after buying an additional 68 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in NICE by 3.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 2,432 shares of the technology company’s stock valued at $413,000 after buying an additional 72 shares in the last quarter. Finally, LPL Financial LLC boosted its position in NICE by 0.8% in the first quarter. LPL Financial LLC now owns 9,263 shares of the technology company’s stock valued at $2,120,000 after buying an additional 76 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Price Performance

Shares of NASDAQ NICE opened at $261.57 on Wednesday. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73. The firm has a fifty day simple moving average of $230.44 and a 200 day simple moving average of $199.34. The company has a market capitalization of $16.64 billion, a PE ratio of 51.39, a P/E/G ratio of 2.35 and a beta of 1.02. The company has a quick ratio of 2.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICEGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. During the same period in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that NICE Ltd. will post 8.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Northland Securities assumed coverage on shares of NICE in a research report on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 target price on the stock. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and raised their price target for the company from $250.00 to $300.00 in a research note on Wednesday, March 13th. Wedbush raised their price target on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Finally, Barclays raised their price target on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE currently has a consensus rating of “Buy” and a consensus target price of $291.55.

Check Out Our Latest Stock Analysis on NICE

NICE Profile

(Free Report)

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 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 connects them using real time AI-based routing.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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