Campbell Capital Management Inc. Purchases Shares of 29,200 NICE Ltd. (NASDAQ:NICE)

Campbell Capital Management Inc. acquired a new position in NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,200 shares of the technology company's stock, valued at approximately $4,959,000. NICE accounts for 1.9% of Campbell Capital Management Inc.'s investment portfolio, making the stock its 19th largest position.

Several other institutional investors have also recently made changes to their positions in NICE. Avion Wealth bought a new stake in NICE during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. raised its stake in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in NICE during the 3rd quarter worth approximately $41,000. Finally, R Squared Ltd bought a new stake in NICE during the 4th quarter worth approximately $51,000. Institutional investors own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NICE. Rosenblatt Securities cut their price objective on shares of NICE from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, February 21st. Barclays cut their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. StockNews.com lowered shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of NICE in a report on Wednesday. Finally, Citigroup cut their price objective on shares of NICE from $279.00 to $228.00 and set a "buy" rating for the company in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, NICE presently has an average rating of "Moderate Buy" and an average price target of $231.64.

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NICE Stock Performance

NASDAQ NICE traded up $0.96 during trading hours on Wednesday, reaching $151.98. The stock had a trading volume of 585,289 shares, compared to its average volume of 562,523. The stock has a fifty day moving average of $160.44 and a 200 day moving average of $169.79. The stock has a market cap of $9.56 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $270.73.

NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. On average, equities research analysts forecast that NICE Ltd. will post 9.85 EPS 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.