NICE Ltd. (NASDAQ:NICE) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in shares of NICE Ltd. (NASDAQ:NICE) by 329.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,743 shares of the technology company’s stock after purchasing an additional 4,407 shares during the quarter. Sanctuary Advisors LLC’s holdings in NICE were worth $948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. boosted its holdings in 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 in the last quarter. Berry Wealth Group LP raised its position in shares of NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after acquiring an additional 80 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after acquiring an additional 91 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Finally, Davis Capital Management increased its stake in shares of NICE by 2.2% in the 4th quarter. Davis Capital Management now owns 4,968 shares of the technology company’s stock valued at $844,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $144.89 on Thursday. The stock’s 50 day simple moving average is $168.07 and its 200-day simple moving average is $172.70. The stock has a market cap of $9.11 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.07 and a beta of 1.06. NICE Ltd. has a 1-year low of $144.62 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. As a group, research analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on NICE shares. Rosenblatt Securities lowered their price target on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada decreased 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. Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Citigroup decreased their price objective on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays cut their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.64.

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.