NBC Securities Inc. Invests $34,000 in NICE Ltd. (NASDAQ:NICE)

NBC Securities Inc. purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 221 shares of the technology company’s stock, valued at approximately $34,000.

Other hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in NICE during the fourth quarter worth $313,808,000. Boston Partners lifted its stake in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after buying an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. lifted its stake in NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after buying an additional 186,600 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in NICE by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company’s stock valued at $110,406,000 after buying an additional 5,609 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE opened at $165.68 on Friday. NICE Ltd. has a one year low of $137.19 and a one year high of $200.65. The company has a 50-day moving average of $160.84 and a two-hundred day moving average of $163.78. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.07 and a beta of 1.01.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.03. NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. During the same period in the previous year, the company earned $2.58 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. Analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of NICE in a research note on Friday, May 16th. Citigroup cut their price objective on shares of NICE from $214.00 to $211.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Barclays lowered their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Morgan Stanley lowered their target price on NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, NICE currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.92.

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.