1,134 Shares in NICE Ltd. (NASDAQ:NICE) Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,134 shares of the technology company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NICE. Phoenix Holdings Ltd. increased its holdings in NICE by 193.7% in the 3rd quarter. Phoenix Holdings Ltd. now owns 1,265,707 shares of the technology company’s stock worth $215,170,000 after acquiring an additional 834,819 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in NICE by 44,660.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock worth $65,970,000 after acquiring an additional 387,202 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in NICE by 169.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company’s stock worth $89,902,000 after acquiring an additional 332,650 shares in the last quarter. Black Creek Investment Management Inc. increased its holdings in NICE by 22.0% in the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock worth $194,533,000 after acquiring an additional 206,551 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in NICE in the 1st quarter worth approximately $35,147,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 0.2 %

Shares of NICE opened at $230.95 on Friday. The company has a market cap of $14.70 billion, a PE ratio of 45.37, a P/E/G ratio of 2.08 and a beta of 1.02. The business has a fifty day moving average of $241.06 and a 200 day moving average of $207.21. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NICE. Wedbush increased their target price on shares of NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Citigroup increased their price objective on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada increased their price objective on shares of NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Mizuho increased their price objective on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE presently has a consensus rating of “Buy” and a consensus target price of $291.55.

NICE Company 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.