Inspire Investing LLC Sells 231 Shares of NICE Ltd. (NASDAQ:NICE)

Inspire Investing LLC decreased its holdings in NICE Ltd. (NASDAQ:NICE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,185 shares of the technology company’s stock after selling 231 shares during the period. Inspire Investing LLC’s holdings in NICE were worth $720,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in shares of NICE by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock valued at $315,000 after purchasing an additional 47 shares during the period. Lindbrook Capital LLC lifted 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 worth $52,000 after acquiring an additional 63 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of NICE by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after acquiring an additional 65 shares in the last quarter. Financial Perspectives Inc lifted its position in shares of NICE by 17.8% during the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after acquiring an additional 86 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of NICE by 72.1% in the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after buying an additional 88 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $300.00 price target on shares of NICE in a research report on Wednesday, June 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Royal Bank of Canada raised their price objective on NICE from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Finally, William Blair reissued an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $269.64.

NICE Stock Performance

Shares of NICE opened at $164.89 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company has a 50-day simple moving average of $171.96 and a two-hundred day simple moving average of $196.73. The firm has a market capitalization of $10.37 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04.

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

About NICE

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.