IFP Advisors Inc Increases Stock Holdings in NICE Ltd. (NASDAQ:NICE)

IFP Advisors Inc lifted its position in NICE Ltd. (NASDAQ:NICE) by 116.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370 shares of the technology company’s stock after buying an additional 199 shares during the quarter. IFP Advisors Inc’s holdings in NICE were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock worth $273,642,000 after buying an additional 279,375 shares in the last quarter. CCLA Investment Management lifted its holdings in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after buying an additional 87,003 shares in the last quarter. American Capital Management Inc. lifted its holdings in shares of NICE by 1.4% in the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock worth $93,836,000 after buying an additional 7,303 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after buying an additional 7,635 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NICE by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,929 shares of the technology company’s stock worth $49,831,000 after buying an additional 4,411 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Stock Performance

Shares of NICE stock opened at $148.26 on Thursday. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $270.73. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.07 and a beta of 1.06. The company’s 50 day moving average price is $165.40 and its 200-day moving average price is $172.04.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. As a group, equities research analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Citigroup lowered their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays lowered their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

About NICE

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.