Sequoia Financial Advisors LLC Invests $231,000 in NICE Ltd. (NASDAQ:NICE)

Sequoia Financial Advisors LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,160 shares of the technology company’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently added to or reduced their stakes in NICE. McGlone Suttner Wealth Management Inc. purchased a new position in NICE in the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of NICE during the first quarter worth $32,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of NICE in the third quarter valued at $37,000. Loomis Sayles & Co. L P grew its holdings in NICE by 25.2% during the 1st 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 in the last quarter. Finally, Private Trust Co. NA increased its stake in NICE by 40.1% during the 4th quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock worth $75,000 after buying an additional 108 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NICE shares. Wedbush upped their price objective on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Northland Securities began coverage on NICE in a report on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price target for the company. Oppenheimer raised their price objective on NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada upped their target price on NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE has an average rating of “Buy” and an average target price of $291.55.

NICE Price Performance

Shares of NASDAQ NICE opened at $224.19 on Friday. The business has a 50 day simple moving average of $241.12 and a 200-day simple moving average of $207.84. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE) last released its 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 analyst estimates of $616.83 million. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities research analysts expect that NICE Ltd. will post 8.21 earnings per share for the current year.

About NICE

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.