Legacy Wealth Asset Management LLC Decreases Stake in NICE Ltd. (NASDAQ:NICE)

Legacy Wealth Asset Management LLC lessened its holdings in NICE Ltd. (NASDAQ:NICEFree Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,272 shares of the technology company’s stock after selling 160 shares during the period. Legacy Wealth Asset Management LLC’s holdings in NICE were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NICE. Sunbelt Securities Inc. purchased a new stake in NICE during the first quarter worth about $32,000. Cary Street Partners Investment Advisory LLC bought a new position in NICE during the third quarter valued at $37,000. ST Germain D J Co. Inc. purchased a new stake in NICE in the 2nd quarter worth about $43,000. Loomis Sayles & Co. L P raised its stake in NICE by 25.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after acquiring an additional 60 shares during the period. Finally, Ronald Blue Trust Inc. lifted its holdings in NICE by 146.9% during the third quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock valued at $81,000 after purchasing an additional 282 shares during the last quarter. 63.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NICE shares. Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Oppenheimer increased their price target on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $250.00 to $300.00 in a report on Wednesday, March 13th. Finally, TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $291.55.

Check Out Our Latest Research Report on NICE

NICE Price Performance

Shares of NICE traded up $1.36 during midday trading on Tuesday, reaching $240.20. The stock had a trading volume of 51,744 shares, compared to its average volume of 359,964. The company has a current ratio of 2.06, a quick ratio of 2.45 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. The company’s 50-day moving average is $224.86 and its 200 day moving average is $196.68. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $253.00.

NICE (NASDAQ:NICEGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The firm had revenue of $623.20 million during the quarter, compared to analyst estimates of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. On average, equities analysts predict that NICE Ltd. will post 8.21 EPS for the current fiscal year.

NICE Company Profile

(Free Report)

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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