Global Retirement Partners LLC Purchases 499 Shares of NICE Ltd. (NASDAQ:NICE)

Global Retirement Partners LLC raised its position in NICE Ltd. (NASDAQ:NICE) by 48.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,522 shares of the technology company’s stock after acquiring an additional 499 shares during the period. Global Retirement Partners LLC’s holdings in NICE were worth $258,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avion Wealth acquired a new position in shares of NICE in the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV raised its stake in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of NICE during the 3rd quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC increased its stake in NICE by 48.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after acquiring an additional 91 shares during the period. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Cantor Fitzgerald dropped their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday. Rosenblatt Securities cut their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday. DA Davidson lowered their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Stock Up 3.6 %

Shares of NICE stock opened at $160.99 on Tuesday. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 12 month low of $147.38 and a 12 month high of $270.73. The stock has a 50-day moving average price of $169.57 and a 200 day moving average price of $172.93.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 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 business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. Sell-side analysts predict that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

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.