Sanctuary Advisors LLC Has $948,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Sanctuary Advisors LLC grew its stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 329.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,743 shares of the technology company's stock after buying an additional 4,407 shares during the quarter. Sanctuary Advisors LLC's holdings in NICE were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. grew its position in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Berry Wealth Group LP boosted its stake in shares of NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after buying an additional 80 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 acquiring an additional 91 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Davis Capital Management raised its holdings in shares of NICE by 2.2% during the fourth quarter. Davis Capital Management now owns 4,968 shares of the technology company's stock worth $844,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Price Performance

Shares of NASDAQ NICE traded down $3.81 during trading hours on Friday, reaching $139.18. The stock had a trading volume of 1,220,055 shares, compared to its average volume of 668,337. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.07 and a beta of 1.06. NICE Ltd. has a twelve month low of $137.65 and a twelve month high of $270.73. The business's fifty day moving average is $166.68 and its two-hundred day moving average is $172.47.

NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The business had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Sell-side analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group restated a "hold" rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Northland Securities reduced their target price on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, November 15th. Piper Sandler reissued a "neutral" rating on shares of NICE in a research report on Thursday, November 14th. Barclays lowered their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, Rosenblatt Securities decreased their price target 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. Four 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.com, NICE currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.

NICE Company Profile

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.