NICE Ltd. (NASDAQ:NICE) Shares Acquired by Strs Ohio

Strs Ohio increased its stake in shares of NICE Ltd. (NASDAQ:NICE) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,657 shares of the technology company’s stock after purchasing an additional 407 shares during the quarter. Strs Ohio owned 0.07% of NICE worth $8,710,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Capital International Investors grew its position in shares of NICE by 2.0% during the first quarter. Capital International Investors now owns 1,627,984 shares of the technology company’s stock worth $357,017,000 after buying an additional 32,312 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of NICE by 1.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company’s stock valued at $244,150,000 after purchasing an additional 16,513 shares during the last quarter. Phoenix Holdings Ltd. raised its holdings in shares of NICE by 193.7% in the 3rd quarter. Phoenix Holdings Ltd. now owns 1,265,707 shares of the technology company’s stock valued at $215,170,000 after purchasing an additional 834,819 shares in the last quarter. Black Creek Investment Management Inc. lifted its position in shares of NICE by 22.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock worth $194,533,000 after purchasing an additional 206,551 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of NICE by 0.6% during the third quarter. William Blair Investment Management LLC now owns 1,017,406 shares of the technology company’s stock worth $172,929,000 after purchasing an additional 5,803 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NICE. Royal Bank of Canada raised their price target on NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. JMP Securities restated a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Barclays upped their price target on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, March 13th. Finally, Wedbush upped their target price on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $291.55.

NICE Stock Performance

NASDAQ NICE opened at $230.54 on Thursday. The business’s 50-day moving average price is $240.81 and its 200 day moving average price is $207.04. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a market cap of $14.67 billion, a P/E ratio of 45.29, a P/E/G ratio of 2.08 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 released its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a return on equity of 13.29% and a net margin of 14.23%. The business had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts expect 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 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.