Crossmark Global Holdings Inc. acquired a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,093 shares of the technology company's stock, valued at approximately $1,058,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. QRG Capital Management Inc. acquired a new position in NICE during the 1st quarter worth about $813,000. Avantax Advisory Services Inc. purchased a new position in NICE during the 1st quarter valued at about $298,000. ProShare Advisors LLC bought a new position in shares of NICE in the first quarter worth $313,000. Blair William & Co. IL increased its holdings in shares of NICE by 22.9% in the 1st quarter. Blair William & Co. IL now owns 5,873 shares of the technology company's stock worth $1,531,000 after buying an additional 1,096 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in NICE by 38.2% during the first quarter. Orion Portfolio Solutions LLC now owns 6,329 shares of the technology company's stock valued at $1,649,000 after acquiring an additional 1,750 shares during the last quarter. Institutional investors own 63.34% of the company's stock.
NICE Stock Down 4.6 %
NICE stock traded down $8.29 during mid-day trading on Friday, hitting $173.90. The company had a trading volume of 583,214 shares, compared to its average volume of 522,633. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.61 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The business has a fifty day moving average of $172.66 and a 200 day moving average of $178.70.
NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analysts' expectations of $664.10 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Wedbush reiterated an "outperform" rating and set a $250.00 price target on shares of NICE in a report on Friday, August 16th. Piper Sandler reiterated a "neutral" rating on shares of NICE in a research note on Thursday. Jefferies Financial Group cut their target price on NICE from $230.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $260.00 price objective on shares of NICE in a report on Friday. Finally, JMP Securities restated a "market outperform" rating and set a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.57.
Check Out Our Latest Stock Analysis on NICE
NICE Company 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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