Mediolanum International Funds Ltd Takes Position in NICE Ltd. (NASDAQ:NICE)

Mediolanum International Funds Ltd purchased a new stake in NICE Ltd. (NASDAQ:NICE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,525 shares of the technology company’s stock, valued at approximately $774,000.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings 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 acquired a new stake in shares of NICE in the 3rd quarter valued at approximately $38,000. Richardson Financial Services Inc. acquired a new stake in shares of NICE in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings 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 acquired a new stake in shares of NICE in the 2nd quarter valued at approximately $72,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NICE. Barclays reduced their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Northland Securities reduced their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, August 16th. Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a report on Thursday, October 3rd. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, NICE presently has an average rating of “Buy” and a consensus target price of $269.64.

NICE Stock Performance

NASDAQ NICE opened at $174.33 on Monday. NICE Ltd. has a fifty-two week low of $149.54 and a fifty-two week high of $270.73. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The business has a fifty day moving average of $170.82 and a 200-day moving average of $182.74. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million during 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 business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, analysts predict that NICE Ltd. will post 8.5 earnings per share 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.