NICE Ltd. (NASDAQ:NICE) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,341 shares of the technology company’s stock after buying an additional 378 shares during the period. Schechter Investment Advisors LLC’s holdings in NICE were worth $398,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its holdings in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Avion Wealth acquired a new position in NICE during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new position in NICE during the 4th quarter worth $25,000. Richardson Financial Services Inc. increased its position in NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in NICE in the third quarter valued at $41,000. Institutional investors own 63.34% of the company’s stock.

NICE Trading Up 2.5 %

Shares of NASDAQ NICE opened at $148.26 on Thursday. The firm has a 50-day moving average of $165.40 and a two-hundred day moving average of $172.04. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.07 and a beta of 1.06. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last released its 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). The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on NICE. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. DA Davidson decreased their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Northland Securities cut their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Rosenblatt Securities reduced their price objective on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered their target price on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.