NICE Ltd. (NASDAQ:NICE) Shares Acquired by RGM Capital LLC

RGM Capital LLC raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 12.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,051,105 shares of the technology company’s stock after purchasing an additional 116,629 shares during the quarter. NICE accounts for approximately 7.2% of RGM Capital LLC’s portfolio, making the stock its 4th largest position. RGM Capital LLC owned about 1.67% of NICE worth $180,759,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Richardson Financial Services Inc. acquired a new stake in shares of NICE in the 1st quarter worth about $39,000. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 107 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of NICE by 46.3% during the first 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 last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 88 shares in the last quarter. Finally, UMB Bank n.a. raised its position in NICE by 72.4% in the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after buying an additional 92 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Down 0.6 %

NICE stock opened at $164.89 on Friday. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $171.96 and its 200 day moving average is $196.43.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating 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 analysts’ expectations of $664.10 million. During the same quarter last year, the company posted $1.63 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Sell-side analysts predict that NICE Ltd. will post 8.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NICE. Morgan Stanley lowered their target price on shares of NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Citigroup lifted their target price on shares of NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th. Barclays decreased their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a research report on Friday, August 16th. 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 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.