Moors & Cabot Inc. Acquires 162 Shares of NICE Ltd. (NASDAQ:NICE)

Moors & Cabot Inc. raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,631 shares of the technology company’s stock after acquiring an additional 162 shares during the quarter. Moors & Cabot Inc.’s holdings in NICE were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in shares of NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after purchasing an additional 107 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in NICE during the first quarter valued at about $39,000. Lindbrook Capital LLC lifted its position in shares of 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 acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 88 shares during the period. Finally, UMB Bank n.a. grew 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 purchasing an additional 92 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Trading Down 0.6 %

Shares of NASDAQ NICE opened at $164.89 on Friday. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.31 and a beta of 1.04. The business’s 50 day moving average price is $172.15 and its 200-day moving average price is $197.29.

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

Analyst Ratings Changes

A number of research analysts recently commented on NICE shares. JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of NICE in a report on Friday, August 16th. William Blair restated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. Piper Sandler decreased their target price on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wedbush restated an “outperform” rating and set a $250.00 price target on shares of NICE in a report on Friday, August 16th. Finally, 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. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.