NICE Ltd. (NASDAQ:NICE) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in NICE Ltd. (NASDAQ:NICE) by 44.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,968 shares of the technology company’s stock after purchasing an additional 1,212 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in NICE were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in shares of NICE by 7.5% in the 4th quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after buying an additional 51 shares during the period. Pacer Advisors Inc. grew its position in NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after acquiring an additional 60 shares during the period. Lindbrook Capital LLC increased its stake in NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. Mendota Financial Group LLC raised its position in NICE by 9.0% in the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock valued at $158,000 after purchasing an additional 65 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of NICE by 2.3% in the 3rd quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock valued at $508,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

NICE has been the topic of several research analyst reports. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. Morgan Stanley reduced their price target on shares of NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Citigroup increased their price objective on shares of NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Northland Securities reissued an “outperform” rating and issued a $305.00 target price on shares of NICE in a research report on Thursday, June 13th. Finally, Mizuho decreased their price target on NICE from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE presently has an average rating of “Buy” and a consensus target price of $276.62.

NICE Stock Performance

Shares of NICE stock opened at $168.60 on Tuesday. The business has a 50-day simple moving average of $193.22 and a 200-day simple moving average of $214.27. The company has a market cap of $10.60 billion, a PE ratio of 30.43, a P/E/G ratio of 1.40 and a beta of 1.05. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. On average, equities research analysts forecast that NICE Ltd. will post 8.4 EPS for the current fiscal year.

NICE 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.