NICE Ltd. (NASDAQ:NICE) Position Increased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its position in NICE Ltd. (NASDAQ:NICE) by 19.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,341 shares of the technology company’s stock after buying an additional 378 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NICE were worth $398,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after purchasing an additional 4,407 shares during the period. Bruni J V & Co. Co. purchased a new stake in shares of NICE in the third quarter valued at $22,849,000. Asset Management One Co. Ltd. boosted its position in shares of NICE by 13.5% in the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after buying an additional 5,629 shares during the period. Clear Creek Financial Management LLC grew its holdings in shares of NICE by 106.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares in the last quarter. Finally, Kopion Asset Management LLC acquired a new position in NICE during the fourth quarter valued at $7,433,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

NASDAQ NICE opened at $148.26 on Thursday. The firm has a market cap of $9.32 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The stock’s 50-day moving average is $165.40 and its two-hundred day moving average is $172.04. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICE) last issued 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). The company 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%. On average, equities analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on NICE shares. DA Davidson decreased their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Barclays decreased their price target 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. Royal Bank of Canada dropped their price objective on shares of NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, NICE currently has an average rating of “Moderate Buy” and an average price target 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.