NICE Ltd. (NASDAQ:NICE) Shares Purchased by Altshuler Shaham Ltd

Altshuler Shaham Ltd boosted its holdings in NICE Ltd. (NASDAQ:NICE) by 280.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,699 shares of the technology company’s stock after buying an additional 6,410 shares during the period. Altshuler Shaham Ltd’s holdings in NICE were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of NICE by 4.1% in the first quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock worth $315,000 after acquiring an additional 47 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of NICE by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after purchasing an additional 63 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of NICE by 4.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock valued at $367,000 after buying an additional 65 shares during the period. Financial Perspectives Inc increased its holdings in shares of NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after buying an additional 86 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in NICE by 72.1% in the first quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock valued at $55,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Trading Down 0.6 %

NASDAQ NICE opened at $164.89 on Monday. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market capitalization 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’s fifty day moving average price is $171.96 and its two-hundred day moving average price is $196.15.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period last year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts predict that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Piper Sandler cut their target price on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Morgan Stanley cut their price objective on NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE presently has a consensus 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.