Buckingham Capital Management Inc. Acquires 2,785 Shares of NICE Ltd. (NASDAQ:NICE)

Buckingham Capital Management Inc. grew its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 14.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,999 shares of the technology company's stock after purchasing an additional 2,785 shares during the quarter. Buckingham Capital Management Inc.'s holdings in NICE were worth $3,736,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NICE. Creative Planning raised its holdings in NICE by 2.9% in the 3rd quarter. Creative Planning now owns 7,608 shares of the technology company's stock worth $1,321,000 after purchasing an additional 217 shares in the last quarter. Blue Trust Inc. grew its position in NICE by 19.2% during the 3rd quarter. Blue Trust Inc. now owns 1,016 shares of the technology company's stock valued at $175,000 after purchasing an additional 164 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company's stock valued at $48,000 after purchasing an additional 91 shares during the last quarter. Suncoast Equity Management grew its position in NICE by 2.2% during the 3rd quarter. Suncoast Equity Management now owns 6,390 shares of the technology company's stock valued at $1,110,000 after purchasing an additional 135 shares during the last quarter. Finally, Castleview Partners LLC purchased a new stake in NICE during the 3rd quarter valued at about $88,000. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NICE. Rosenblatt Securities dropped their price target on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday. DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, November 15th. StockNews.com downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a report on Monday. Citigroup dropped their price target on shares of NICE from $315.00 to $279.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $239.60.

NICE Stock Performance

Shares of NICE stock traded up $1.80 on Friday, hitting $155.39. 1,391,999 shares of the company traded hands, compared to its average volume of 598,518. The stock has a market capitalization of $9.77 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. NICE Ltd. has a 52 week low of $147.38 and a 52 week high of $270.73. The business has a 50-day simple moving average of $170.08 and a 200 day simple moving average of $172.91.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.11% and a return on equity of 15.31%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. Research analysts expect that NICE Ltd. will post 8.82 earnings per share 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.