Sigma Planning Corp Has $558,000 Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Sigma Planning Corp cut its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,799 shares of the technology company’s stock after selling 420 shares during the period. Sigma Planning Corp’s holdings in NICE were worth $558,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NICE. Harel Insurance Investments & Financial Services Ltd. raised its holdings in NICE by 44,660.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock worth $65,970,000 after purchasing an additional 387,202 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in NICE by 169.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company’s stock worth $89,902,000 after purchasing an additional 332,650 shares during the last quarter. Black Creek Investment Management Inc. raised its holdings in NICE by 22.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock worth $194,533,000 after purchasing an additional 206,551 shares during the last quarter. RGM Capital LLC raised its holdings in NICE by 14.3% during the 3rd quarter. RGM Capital LLC now owns 907,048 shares of the technology company’s stock worth $154,198,000 after purchasing an additional 113,170 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in NICE by 111.9% during the 3rd quarter. Quadrature Capital Ltd now owns 89,788 shares of the technology company’s stock worth $15,265,000 after purchasing an additional 47,414 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

Shares of NICE stock opened at $227.00 on Friday. The firm has a market capitalization of $14.27 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02. The firm has a fifty day simple moving average of $241.51 and a two-hundred day simple moving average of $209.07. 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 Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS 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 analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. NICE’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Analysts forecast that NICE Ltd. will post 8.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NICE. Wedbush lifted their price objective on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Northland Securities began coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price objective for the company. Oppenheimer lifted their price objective on shares of NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. DA Davidson upgraded shares of NICE from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, March 13th. Finally, Barclays lifted their price objective on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, NICE has a consensus rating of “Buy” and an average price target of $291.00.

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.