Raymond James Financial Services Advisors Inc. Has $556,000 Position in NICE Ltd. (NASDAQ:NICE)

Raymond James Financial Services Advisors Inc. reduced its holdings in NICE Ltd. (NASDAQ:NICE) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,785 shares of the technology company’s stock after selling 2,233 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in NICE were worth $556,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Raymond James & Associates lifted its holdings in NICE by 23.6% in the fourth quarter. Raymond James & Associates now owns 99,804 shares of the technology company’s stock valued at $19,912,000 after buying an additional 19,031 shares during the period. Raymond James Trust N.A. acquired a new stake in NICE in the fourth quarter worth $232,000. Exchange Traded Concepts LLC raised its holdings in NICE by 52.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,667 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 2,639 shares during the period. American Century Companies Inc. raised its holdings in NICE by 2.6% in the third quarter. American Century Companies Inc. now owns 3,859 shares of the technology company’s stock worth $656,000 after purchasing an additional 96 shares during the period. Finally, Aurora Investment Counsel acquired a new stake in NICE in the third quarter worth $1,557,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on NICE. Wedbush increased their target price on shares of NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Citigroup increased their target price on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada increased their target price on shares of NICE from $238.00 to $285.00 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 increased their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Finally, Mizuho increased their price objective on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. 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 price target of $291.55.

NICE Stock Up 0.2 %

NICE stock opened at $230.95 on Friday. The company has a market cap of $14.70 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73. The company has a fifty day simple moving average of $241.06 and a 200 day simple moving average of $207.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE) last released its earnings results 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 business had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. Research analysts anticipate that NICE Ltd. will post 8.21 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.