Commonwealth Equity Services LLC Buys 1,270 Shares of NICE Ltd. (NASDAQ:NICE)

Commonwealth Equity Services LLC raised its position in NICE Ltd. (NASDAQ:NICE) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,098 shares of the technology company’s stock after buying an additional 1,270 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NICE were worth $1,715,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NICE. Avion Wealth acquired a new stake in NICE in the fourth quarter valued at about $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. increased its position in shares of NICE by 43.8% during 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. Wilmington Savings Fund Society FSB acquired a new position in shares of NICE in the 3rd quarter valued at about $41,000. Finally, R Squared Ltd acquired a new position in NICE in the fourth quarter valued at approximately $51,000. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Cantor Fitzgerald reduced their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Rosenblatt Securities cut their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays lowered their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Price Performance

NICE stock opened at $155.48 on Friday. NICE Ltd. has a one year low of $137.19 and a one year high of $260.62. The firm has a market capitalization of $9.78 billion, a P/E ratio of 23.00, a PEG ratio of 1.07 and a beta of 1.12. The business has a fifty day moving average price of $159.03 and a 200-day moving average price of $169.26.

NICE (NASDAQ:NICE) last released its quarterly earnings data 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%. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

NICE 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.