International Assets Investment Management LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new position in NICE during the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC purchased a new position in NICE during the 3rd quarter valued at about $37,000. Private Trust Co. NA boosted its stake in NICE by 40.1% during the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock worth $75,000 after acquiring an additional 108 shares in the last quarter. Buck Wealth Strategies LLC boosted its stake in NICE by 1,711.1% during the third quarter. Buck Wealth Strategies LLC now owns 489 shares of the technology company’s stock worth $83,000 after acquiring an additional 462 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Ratings Changes

NICE has been the subject of several recent research reports. Citigroup lifted their target price on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Mizuho lifted their price objective on NICE from $244.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Barclays increased their target price on NICE from $283.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Wedbush raised their price target on NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Northland Securities started coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price target on the stock. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $291.00.

NICE Price Performance

Shares of NASDAQ:NICE opened at $222.02 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 43.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The business has a 50-day simple moving average of $239.14 and a two-hundred day simple moving average of $213.34. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.

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

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.