LVW Advisors LLC Buys Shares of 1,018 NICE Ltd. (NASDAQ:NICE)

LVW Advisors LLC bought a new stake in NICE Ltd. (NASDAQ:NICEFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,018 shares of the technology company’s stock, valued at approximately $265,000.

Several other large investors also recently added to or reduced their stakes in NICE. Clal Insurance Enterprises Holdings Ltd raised its position in NICE by 171.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock valued at $286,564,000 after purchasing an additional 905,612 shares in the last quarter. Boston Partners purchased a new position in shares of NICE in the 4th quarter valued at about $176,206,000. Point72 Asset Management L.P. increased its holdings in shares of NICE by 1,340.2% in the 4th quarter. Point72 Asset Management L.P. now owns 467,231 shares of the technology company’s stock valued at $93,217,000 after acquiring an additional 434,789 shares during the last quarter. Capital International Investors increased its holdings in shares of NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock valued at $426,402,000 after acquiring an additional 298,112 shares during the last quarter. Finally, Sea Cliff Partners Management LP purchased a new position in shares of NICE in the 4th quarter valued at about $21,873,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Up 1.9 %

NICE opened at $171.97 on Monday. The business has a 50 day simple moving average of $194.33 and a 200-day simple moving average of $214.49. The stock has a market capitalization of $10.81 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.40 and a beta of 1.05. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43.

NICE (NASDAQ:NICEGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.13. The firm had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. On average, equities analysts anticipate that NICE Ltd. will post 8.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NICE. Citigroup increased their price objective on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Bank of America dropped their price objective on NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Jefferies Financial Group dropped their price objective on NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Rosenblatt Securities dropped their price target on NICE from $285.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Finally, William Blair restated an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $276.62.

Read Our Latest Stock Analysis on NICE

NICE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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