NICE Ltd. (NASDAQ:NICE) Shares Acquired by Unique Wealth LLC

by · The Markets Daily

Unique Wealth LLC lifted its stake in NICE Ltd. (NASDAQ:NICE – Free Report) by 52.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,315 shares of the technology company’s stock after purchasing an additional 800 shares during the quarter. Unique Wealth LLC’s holdings in NICE were worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE during the fourth quarter worth $313,808,000. FIL Ltd purchased a new position in shares of NICE during the fourth quarter worth $70,465,000. New South Capital Management Inc. purchased a new position in shares of NICE during the fourth quarter worth $54,980,000. Deutsche Bank AG boosted its holdings in NICE by 95.7% in the fourth quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock valued at $102,981,000 after purchasing an additional 296,514 shares during the period. Finally, HMI Capital Management L.P. boosted its holdings in NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after purchasing an additional 186,600 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

NICE has been the topic of a number of analyst reports. Citigroup cut their price target on NICE from $214.00 to $211.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Wall Street Zen downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. DA Davidson boosted their price target on NICE from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of NICE in a research report on Friday, May 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $161.00 target price on shares of NICE in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus target price of $211.50.

View Our Latest Report on NICE

NICE Stock Performance

NICE stock opened at $175.96 on Friday. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $200.65. The firm has a market cap of $11.13 billion, a P/E ratio of 26.03, a PEG ratio of 1.07 and a beta of 1.01. The stock’s 50 day moving average price is $157.82 and its 200 day moving average price is $163.86.

NICE (NASDAQ:NICE – Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.03. NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. During the same quarter in the prior year, the company posted $2.58 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts predict that NICE Ltd. will post 9.85 earnings per share for the current year.

NICE Company Profile

(Free Report)

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.

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