B. Riley Wealth Advisors Inc. Acquires 300 Shares of NICE Ltd. (NASDAQ:NICE)

B. Riley Wealth Advisors Inc. increased its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 21.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,708 shares of the technology company’s stock after acquiring an additional 300 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NICE were worth $294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in NICE by 1,340.2% during the 4th quarter. Point72 Asset Management L.P. now owns 467,231 shares of the technology company’s stock valued at $93,217,000 after buying an additional 434,789 shares in the last quarter. Scalar Gauge Management LLC purchased a new stake in shares of NICE in the fourth quarter valued at approximately $5,859,000. GLOBALT Investments LLC GA bought a new position in NICE in the fourth quarter worth approximately $1,466,000. Virtu Financial LLC grew its stake in NICE by 65.3% in the fourth quarter. Virtu Financial LLC now owns 4,462 shares of the technology company’s stock worth $890,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Davis Capital Management increased its holdings in NICE by 5.9% during the 1st quarter. Davis Capital Management now owns 4,137 shares of the technology company’s stock worth $1,053,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $166.65 on Wednesday. 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 firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.35 and a beta of 1.05. The stock’s 50-day simple moving average is $169.22 and its 200-day simple moving average is $189.82.

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 the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. As a group, equities analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NICE shares. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a report on Thursday, October 3rd. Piper Sandler reduced their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Morgan Stanley dropped their price objective on shares of NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Finally, Citigroup boosted their price objective on shares of NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.