Sandy Spring Bank Buys 145 Shares of NICE Ltd. (NASDAQ:NICE)

Sandy Spring Bank lifted its stake in NICE Ltd. (NASDAQ:NICE) by 181.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225 shares of the technology company’s stock after acquiring an additional 145 shares during the quarter. Sandy Spring Bank’s holdings in NICE were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Financial Perspectives Inc boosted its holdings in shares of NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after buying an additional 66 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of NICE by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after buying an additional 77 shares during the last quarter. Berry Wealth Group LP boosted its holdings in shares of NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after buying an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after buying an additional 80 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on NICE shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Rosenblatt Securities lowered their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of NICE in a report on Wednesday. Cantor Fitzgerald lowered their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Barclays lowered their price target on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Performance

Shares of NICE opened at $156.78 on Friday. The company’s fifty day moving average is $159.84 and its 200 day moving average is $169.46. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $270.73. The stock has a market capitalization of $9.86 billion, a PE ratio of 23.19, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. As a group, research analysts forecast that NICE Ltd. will post 9.85 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.