GHP Investment Advisors Inc. Increases Position in NICE Ltd. (NASDAQ:NICE)

GHP Investment Advisors Inc. boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 37.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,880 shares of the technology company’s stock after acquiring an additional 1,610 shares during the period. GHP Investment Advisors Inc.’s holdings in NICE were worth $1,021,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NICE. Allspring Global Investments Holdings LLC grew its stake in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of NICE in the 3rd quarter valued at approximately $38,000. Richardson Financial Services Inc. purchased a new stake in shares of NICE in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in shares of NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after buying an additional 116 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of NICE in the 2nd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NICE shares. Northland Securities dropped their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Piper Sandler decreased their price objective on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Thursday, October 3rd. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE currently has an average rating of “Buy” and a consensus target price of $269.64.

NICE Price Performance

NICE stock opened at $174.33 on Monday. The firm has a market cap of $10.96 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $170.82 and its two-hundred day moving average is $182.74.

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