Evergreen Capital Management LLC Acquires 5,520 Shares of NICE Ltd. (NASDAQ:NICE)

Evergreen Capital Management LLC lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 40.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,308 shares of the technology company’s stock after acquiring an additional 5,520 shares during the period. Evergreen Capital Management LLC’s holdings in NICE were worth $3,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised 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 purchasing an additional 107 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in NICE in the 1st quarter valued at $39,000. Lindbrook Capital LLC lifted its stake in NICE by 46.3% during the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of NICE by 72.1% in the 1st quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after acquiring an additional 88 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of NICE by 72.4% in the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

NICE opened at $166.94 on Tuesday. The firm has a 50-day moving average price of $171.73 and a 200-day moving average price of $195.64. NICE Ltd. has a twelve month low of $149.54 and a twelve month 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 company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.31 and a beta of 1.04.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts expect that NICE Ltd. will post 8.5 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on NICE shares. Northland Securities cut their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. 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. 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of NICE in a research report on Friday, August 16th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.