International Assets Investment Management LLC Invests $4.70 Million in NICE Ltd. (NASDAQ:NICE)

International Assets Investment Management LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the fourth quarter, HoldingsChannel reports. The fund acquired 23,542 shares of the technology company’s stock, valued at approximately $4,697,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NICE. Raymond James Financial Services Advisors Inc. increased its holdings in shares of NICE by 6.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,528 shares of the technology company’s stock worth $773,000 after buying an additional 225 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in NICE by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 12,314 shares of the technology company’s stock valued at $2,697,000 after purchasing an additional 167 shares in the last quarter. American Century Companies Inc. increased its holdings in NICE by 45.7% in the 1st quarter. American Century Companies Inc. now owns 2,299 shares of the technology company’s stock valued at $503,000 after purchasing an additional 721 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in NICE by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the technology company’s stock valued at $1,032,000 after purchasing an additional 128 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in NICE by 55.7% in the 1st quarter. Bank of Montreal Can now owns 5,294 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 1,893 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

Shares of NICE stock opened at $231.46 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company’s 50-day simple moving average is $240.54 and its 200-day simple moving average is $206.88. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 2.09 and a beta of 1.02.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping 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 business had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. During the same quarter last year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NICE. Oppenheimer increased their price target on NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Mizuho increased their price target on NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd. DA Davidson upgraded NICE from a “neutral” rating to a “buy” rating and increased their price target for the company from $250.00 to $300.00 in a report on Wednesday, March 13th. JMP Securities restated a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Finally, Barclays raised their target price on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE has a consensus rating of “Buy” and a consensus price target of $291.55.

NICE Profile

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 the customer engagement market; and smart self service 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.