30,062 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 30,062 shares of the technology company’s stock, valued at approximately $5,106,000.

Several other large investors have also made changes to their positions in the company. Financial Perspectives Inc raised its position in shares of NICE by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after buying an additional 66 shares during the period. Richardson Financial Services Inc. raised its position in shares of NICE by 43.8% in the 4th 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. Berry Wealth Group LP raised its position in shares of NICE by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after buying an additional 80 shares during the period. Rothschild Investment LLC raised its position in shares of NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after buying an additional 80 shares during the period. Finally, Davis Capital Management raised its position 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 worth $844,000 after buying an additional 108 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NICE has been the topic of several research reports. Citigroup cut their target price on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada lowered their price target on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Rosenblatt Securities lowered their price target on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Finally, Cantor Fitzgerald lowered their price target on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Price Performance

Shares of NICE stock opened at $144.61 on Monday. The company has a market capitalization of $9.09 billion, a PE ratio of 21.39, a P/E/G ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $270.73. The business has a 50-day moving average of $161.13 and a 200-day moving average of $170.12.

NICE (NASDAQ:NICE) last posted its quarterly earnings results 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 analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, equities analysts expect that NICE Ltd. will post 9.85 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.