Mercer Global Advisors Inc. ADV Grows Holdings in NICE Ltd. (NASDAQ:NICE)

Mercer Global Advisors Inc. ADV grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 45.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,853 shares of the technology company’s stock after buying an additional 1,824 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in NICE were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors boosted its stake in NICE by 4.0% in the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after buying an additional 201,035 shares in the last quarter. Capital International Investors boosted its stake in shares of NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock valued at $426,402,000 after purchasing an additional 298,112 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of NICE by 12.3% during the 1st quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after purchasing an additional 149,149 shares during the last quarter. Black Creek Investment Management Inc. raised its position in NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in NICE by 12.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after purchasing an additional 117,749 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Price Performance

NICE opened at $170.32 on Thursday. 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 has a market cap of $10.71 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The stock has a fifty day simple moving average of $171.31 and a two-hundred day simple moving average of $194.99. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping 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 business had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. NICE’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts predict that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NICE. William Blair reissued an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. Piper Sandler dropped their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of NICE in a report on Wednesday, June 12th. Finally, Royal Bank of Canada raised their price target on shares of NICE from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.