NICE Ltd. (NASDAQ:NICE) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in NICE Ltd. (NASDAQ:NICE) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,098 shares of the technology company’s stock after acquiring an additional 1,270 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NICE were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NICE. Sanctuary Advisors LLC increased its position in shares of NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after purchasing an additional 4,407 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of NICE by 106.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock worth $731,000 after buying an additional 2,219 shares during the period. Kopion Asset Management LLC acquired a new position in shares of NICE in the 4th quarter valued at about $7,433,000. Ceera Investments LLC purchased a new stake in NICE in the 4th quarter worth approximately $4,963,000. Finally, CCLA Investment Management grew its holdings in shares of NICE by 14.1% during the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after acquiring an additional 87,003 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Citigroup reduced their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Barclays decreased their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Performance

Shares of NASDAQ NICE opened at $155.48 on Friday. The stock has a market cap of $9.78 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.07 and a beta of 1.12. The firm has a 50 day moving average price of $159.03 and a 200 day moving average price of $169.26. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $260.62.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. Analysts predict that NICE Ltd. will post 9.85 earnings per share 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.