NICE Ltd. (NASDAQ:NICE) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in NICE Ltd. (NASDAQ:NICE) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,125 shares of the technology company’s stock after selling 264 shares during the quarter. Private Advisor Group LLC’s holdings in NICE were worth $709,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after acquiring an additional 107 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in NICE in the first quarter valued at approximately $39,000. Lindbrook Capital LLC raised its position in NICE by 46.3% in the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC lifted its stake in NICE by 72.1% during the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after purchasing an additional 88 shares in the last quarter. Finally, UMB Bank n.a. boosted 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 worth $57,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 0.8 %

Shares of NASDAQ NICE opened at $162.75 on Wednesday. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50-day moving average of $172.61 and a two-hundred day moving average of $198.36.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NICE shares. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of NICE in a research report on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE currently has an average rating of “Buy” and an average price target of $269.64.

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.