Proficio Capital Partners LLC Invests $5.11 Million in NICE Ltd. (NASDAQ:NICE)

Proficio Capital Partners LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 30,062 shares of the technology company's stock, valued at approximately $5,106,000.

Several other hedge funds have also modified their holdings of the stock. CCLA Investment Management increased its holdings in NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company's stock worth $119,517,000 after purchasing an additional 87,003 shares during the last quarter. American Capital Management Inc. increased its holdings in NICE by 1.4% during the 3rd quarter. American Capital Management Inc. now owns 540,311 shares of the technology company's stock worth $93,836,000 after purchasing an additional 7,303 shares during the last quarter. Parnassus Investments LLC increased its holdings in NICE by 1.5% during the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company's stock worth $89,794,000 after purchasing an additional 7,635 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NICE by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company's stock worth $49,831,000 after purchasing an additional 4,411 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in NICE during the 4th quarter worth approximately $31,792,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Up 1.3 %

NICE stock traded up $2.02 during trading on Thursday, reaching $154.00. 623,692 shares of the company's stock were exchanged, compared to its average volume of 563,604. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $270.73. The company's fifty day moving average price is $160.17 and its 200-day moving average price is $169.67. The firm has a market cap of $9.68 billion, a PE ratio of 22.78, a P/E/G ratio of 1.07 and a beta of 1.12.

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NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NICE shares. Citigroup dropped their price objective on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Rosenblatt Securities decreased their target price on NICE from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Jefferies Financial Group reiterated a "hold" rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of NICE in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.

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.