Legacy Wealth Asset Management LLC Boosts Stake in NICE Ltd. (NASDAQ:NICE)

Legacy Wealth Asset Management LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,530 shares of the technology company’s stock after purchasing an additional 108 shares during the period. Legacy Wealth Asset Management LLC’s holdings in NICE were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new position in NICE during the third quarter valued at $38,000. Richardson Financial Services Inc. acquired a new stake in shares of NICE in the first quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in NICE during the 2nd quarter worth approximately $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NICE shares. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Barclays cut their price objective on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. JMP Securities restated a “market outperform” rating and set a $300.00 target price on shares of NICE in a report on Friday, August 16th. Piper Sandler cut their price target on NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Wedbush reissued an “outperform” rating and set a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $269.64.

NICE Trading Down 2.0 %

Shares of NICE stock opened at $174.33 on Friday. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73. The company has a 50 day moving average price of $170.82 and a 200 day moving average price of $183.15. The stock has a market capitalization of $10.96 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts predict that NICE Ltd. will post 8.5 EPS for the current fiscal year.

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.