NICE Ltd. (NASDAQ:NICE) Shares Bought by Aurora Investment Counsel

Aurora Investment Counsel boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,906 shares of the technology company’s stock after purchasing an additional 80 shares during the quarter. Aurora Investment Counsel’s holdings in NICE were worth $1,876,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Richardson Financial Services Inc. purchased a new position in shares of NICE in the first quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC lifted 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 buying an additional 107 shares in the last quarter. GAMMA Investing LLC boosted its position 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 acquiring an additional 88 shares during the last quarter. UMB Bank n.a. lifted its position in 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 in the last quarter. Finally, Rothschild Investment LLC acquired a new position in NICE during the second quarter worth $72,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NICE shares. Barclays dropped their price objective on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. William Blair reissued an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Finally, Morgan Stanley decreased their target price on NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $269.64.

NICE Stock Performance

Shares of NICE opened at $173.67 on Tuesday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. 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 50 day moving average price of $170.86 and a 200 day moving average price of $193.21.

NICE (NASDAQ:NICE) last announced 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. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the business earned $1.63 EPS. NICE’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts predict that NICE Ltd. will post 8.5 EPS for the current fiscal year.

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.