NICE Ltd. (NASDAQ:NICE) Position Boosted by Highland Capital Management LLC

Highland Capital Management LLC lifted its stake in NICE Ltd. (NASDAQ:NICE) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. Highland Capital Management LLC’s holdings in NICE were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in NICE in the 1st quarter worth approximately $32,000. ST Germain D J Co. Inc. acquired a new stake in NICE during the second quarter valued at $43,000. Cary Street Partners Investment Advisory LLC acquired a new stake in NICE during the third quarter valued at $37,000. Loomis Sayles & Co. L P grew its stake in NICE by 25.2% in the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after purchasing an additional 60 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its position in NICE by 146.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after purchasing an additional 282 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NICE. Oppenheimer boosted their price target on NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their price target on shares of NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Finally, Northland Securities started coverage on NICE in a report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 target price on the stock. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $291.55.

NICE Trading Down 2.3 %

NICE stock opened at $255.59 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.45 and a current ratio of 2.06. The business’s 50-day simple moving average is $231.46 and its 200-day simple moving average is $199.73. The firm has a market capitalization of $16.26 billion, a PE ratio of 50.21, a PEG ratio of 2.35 and a beta of 1.02. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. The business had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. Equities research analysts forecast that NICE Ltd. will post 8.21 earnings per share for the current 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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.