Legacy Wealth Asset Management LLC Purchases 108 Shares of NICE Ltd. (NASDAQ:NICE)

Legacy Wealth Asset Management LLC boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530 shares of the technology company’s stock after acquiring 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 and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NICE. Hennion & Walsh Asset Management Inc. increased its holdings in NICE by 44.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,968 shares of the technology company’s stock valued at $1,034,000 after buying an additional 1,212 shares during the period. LVW Advisors LLC purchased a new position in shares of NICE in the 1st quarter valued at $265,000. Diversified Trust Co raised its position in shares of NICE by 85.9% in the 1st quarter. Diversified Trust Co now owns 1,917 shares of the technology company’s stock worth $500,000 after acquiring an additional 886 shares in the last quarter. E&G Advisors LP purchased a new stake in shares of NICE during the 1st quarter worth $276,000. Finally, Norden Group LLC bought a new stake in NICE during the first quarter valued at about $1,257,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Down 2.0 %

NICE stock opened at $174.33 on Friday. The company 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 firm’s fifty day simple moving average is $170.82 and its 200-day simple moving average is $183.15. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. As a group, equities research analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current year.

Analyst Ratings Changes

NICE has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Barclays lowered their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. Piper Sandler decreased their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $269.64.

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.