3,437 Shares in NICE Ltd. (NASDAQ:NICE) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,437 shares of the technology company’s stock, valued at approximately $591,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in NICE in the first quarter valued at $39,000. Allspring Global Investments Holdings LLC raised its holdings in NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the period. Lindbrook Capital LLC raised its holdings in shares of NICE by 46.3% during the 1st 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 period. GAMMA Investing LLC increased 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 worth $55,000 after acquiring an additional 88 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NICE stock opened at $166.94 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.31 and a beta of 1.04. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The stock has a 50-day simple moving average of $171.73 and a 200 day simple moving average of $195.64.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million during 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%. NICE’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. On average, research analysts anticipate that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NICE has been the subject of several recent research reports. Northland Securities lowered their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of NICE in a report on Friday, August 16th. Piper Sandler cut their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on NICE from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, 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.