Oppenheimer & Co. Inc. Raises Stake in NICE Ltd. (NASDAQ:NICE)

Oppenheimer & Co. Inc. raised its position in shares of NICE Ltd. (NASDAQ:NICE) by 271.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,086 shares of the technology company’s stock after purchasing an additional 11,755 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NICE were worth $2,766,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in NICE by 135.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of NICE during the first quarter valued at approximately $39,000. Lindbrook Capital LLC raised its position in shares of NICE by 46.3% during the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NICE by 72.1% during the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock valued at $55,000 after buying an additional 88 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of NICE by 72.4% during the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Trading Up 0.8 %

Shares of NICE opened at $164.93 on Monday. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73. The company has a market cap of $10.37 billion, a P/E ratio of 29.77, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $172.85 and its 200-day simple moving average is $198.95.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, analysts expect that NICE Ltd. will post 8.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of NICE in a research report on Wednesday, June 12th. JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Barclays reduced their price target on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, 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 report on Friday, June 14th. Sixteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $269.64.

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.