Yousif Capital Management LLC Acquires New Holdings in NICE Ltd. (NASDAQ:NICE)

Yousif Capital Management LLC acquired 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 Securities and Exchange Commission (SEC). The fund acquired 1,058 shares of the technology company’s stock, valued at approximately $211,000.

Several other hedge funds also recently bought and sold shares of NICE. Harel Insurance Investments & Financial Services Ltd. grew its stake in NICE by 44,660.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock valued at $65,970,000 after acquiring an additional 387,202 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of NICE by 169.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company’s stock valued at $89,902,000 after buying an additional 332,650 shares in the last quarter. Black Creek Investment Management Inc. raised its position in shares of NICE by 22.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock valued at $194,533,000 after buying an additional 206,551 shares in the last quarter. RGM Capital LLC lifted its holdings in shares of NICE by 14.3% during the 3rd quarter. RGM Capital LLC now owns 907,048 shares of the technology company’s stock worth $154,198,000 after acquiring an additional 113,170 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in NICE by 111.9% in the third quarter. Quadrature Capital Ltd now owns 89,788 shares of the technology company’s stock worth $15,265,000 after acquiring an additional 47,414 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

NICE opened at $222.10 on Tuesday. 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 52-week low of $149.54 and a 52-week high of $270.73. The stock has a market capitalization of $13.96 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The stock’s 50 day moving average price is $240.11 and its 200-day moving average price is $212.81.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup raised their price target on NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Wedbush boosted their target price on NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Rosenblatt Securities assumed coverage on NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 target price for the company. Royal Bank of Canada boosted their target price on NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, DA Davidson upgraded NICE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE currently has an average rating of “Buy” and an average price target of $291.00.

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.