Virtu Financial LLC Has $1.27 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC increased its stake in shares of NICE Ltd. (NASDAQ:NICE) by 35.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,461 shares of the technology company’s stock after buying an additional 1,947 shares during the quarter. Virtu Financial LLC’s holdings in NICE were worth $1,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NICE. Atria Investments Inc acquired a new position in NICE during the 3rd quarter worth approximately $215,000. Natixis Advisors LLC acquired a new position in NICE during the 3rd quarter worth approximately $1,805,000. Pathstone Holdings LLC increased its position in NICE by 33.6% during the 3rd quarter. Pathstone Holdings LLC now owns 8,992 shares of the technology company’s stock worth $1,562,000 after purchasing an additional 2,260 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NICE by 34.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,023 shares of the technology company’s stock worth $699,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in NICE by 35.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 58,620 shares of the technology company’s stock worth $11,137,000 after purchasing an additional 15,347 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup reduced their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. Barclays reduced their target price 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. Finally, Cantor Fitzgerald reduced their target price 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. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Stock Up 1.8 %

Shares of NASDAQ NICE opened at $156.78 on Monday. The firm has a market cap 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 Ltd. has a 12-month low of $137.19 and a 12-month high of $270.73. The company’s fifty day simple moving average is $159.84 and its 200 day simple moving average is $169.49.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. On average, equities analysts predict that NICE Ltd. will post 9.85 earnings per share for the current 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.