Atria Investments Inc Has $292,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Atria Investments Inc grew its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 39.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,720 shares of the technology company’s stock after purchasing an additional 484 shares during the quarter. Atria Investments Inc’s holdings in NICE were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Avion Wealth acquired a new position in NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE during the 4th quarter worth about $25,000. Richardson Financial Services Inc. boosted its stake in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after purchasing an additional 67 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in NICE in the 3rd quarter valued at approximately $41,000. Finally, R Squared Ltd bought a new position in NICE in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

NICE stock opened at $151.05 on Tuesday. The stock has a market capitalization of $9.50 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a 50 day moving average price of $160.75 and a 200 day moving average price of $169.95. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $270.73.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald lowered their price objective on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Rosenblatt Securities reduced their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada lowered their price target on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Citigroup reduced their price objective on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently 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.