Samalin Investment Counsel LLC Has $517,000 Stake in NICE Ltd. (NASDAQ:NICE)

Samalin Investment Counsel LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,045 shares of the technology company’s stock after acquiring an additional 345 shares during the quarter. Samalin Investment Counsel LLC’s holdings in NICE were worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Financial Perspectives Inc boosted its stake in NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after purchasing an additional 66 shares in the last quarter. Richardson Financial Services Inc. lifted its position in 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 buying an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in NICE by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after acquiring an additional 77 shares during the last quarter. Berry Wealth Group LP increased its position in NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after acquiring an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after acquiring an additional 80 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NICE has been the subject of several research analyst reports. Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Citigroup cut their price target on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald lowered their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Stock Performance

Shares of NICE opened at $156.78 on Monday. The firm’s 50 day moving average price is $159.84 and its two-hundred day moving average price is $169.49. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The firm has a market cap of $9.86 billion, a P/E ratio of 23.19, a PEG ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last issued its quarterly earnings results 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 the consensus estimate of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, sell-side analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

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.