LPL Financial LLC lifted its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 86.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,136 shares of the technology company's stock after purchasing an additional 12,616 shares during the period. LPL Financial LLC's holdings in NICE were worth $4,609,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in NICE. Avion Wealth purchased a new stake in NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. boosted its holdings in shares of NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after purchasing an additional 67 shares during the period. Sandy Spring Bank grew its stake in shares of NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after purchasing an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in NICE during the 3rd quarter valued at about $41,000. 63.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NICE has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their price objective on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. DA Davidson dropped their price target on NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Monday. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Citigroup cut their target price on shares of NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Four investment 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.43.
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NICE Price Performance
NICE stock traded up $3.35 on Tuesday, reaching $155.97. 56,712 shares of the company traded hands, compared to its average volume of 632,228. NICE Ltd. has a one year low of $137.19 and a one year high of $235.71. The firm has a fifty day simple moving average of $154.94 and a 200-day simple moving average of $167.88. The company has a market cap of $9.81 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, sell-side analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.
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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