NICE Ltd. (NASDAQ:NICE) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. lifted its position in NICE Ltd. (NASDAQ:NICE) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,569 shares of the technology company’s stock after acquiring an additional 289 shares during the quarter. American Century Companies Inc.’s holdings in NICE were worth $786,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NICE. Steward Partners Investment Advisory LLC lifted its position in shares of NICE by 36.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,841 shares of the technology company’s stock valued at $367,000 after acquiring an additional 495 shares in the last quarter. J. W. Coons Advisors LLC purchased a new stake in shares of NICE in the 4th quarter valued at approximately $219,000. Eagle Asset Management Inc. lifted its position in NICE by 34.9% in the 4th quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock worth $7,126,000 after buying an additional 9,241 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in NICE by 0.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 35,636 shares of the technology company’s stock worth $7,110,000 after buying an additional 333 shares in the last quarter. Finally, Capital International Investors lifted its position in NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock worth $426,402,000 after buying an additional 298,112 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ:NICE opened at $164.71 on Wednesday. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The firm’s fifty day simple moving average is $170.47 and its 200 day simple moving average is $192.70. 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 firm has a market capitalization of $10.36 billion, a PE ratio of 29.73, a PEG ratio of 1.35 and a beta of 1.04.

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 the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. On average, sell-side analysts anticipate that NICE Ltd. will post 8.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NICE. William Blair reiterated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Citigroup increased 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. Piper Sandler cut their target price on shares of NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Morgan Stanley dropped their price target on shares of NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.