NICE Ltd. (NASDAQ:NICE) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC boosted its holdings in NICE Ltd. (NASDAQ:NICEGet Rating) by 16.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,865 shares of the technology company’s stock after purchasing an additional 968 shares during the quarter. Verition Fund Management LLC’s holdings in NICE were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NICE. Prospera Financial Services Inc acquired a new position in NICE in the first quarter valued at $36,000. Aaron Wealth Advisors LLC purchased a new stake in NICE during the first quarter valued at about $47,000. Standard Family Office LLC purchased a new stake in NICE during the first quarter valued at about $51,000. Loomis Sayles & Co. L P grew its position in NICE by 25.2% during the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after acquiring an additional 60 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in NICE during the first quarter valued at about $73,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Up 0.4 %

NICE stock opened at $200.81 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $212.90 and a 200-day simple moving average of $208.14. The company has a market capitalization of $12.75 billion, a P/E ratio of 60.49, a PEG ratio of 2.88 and a beta of 0.85. NICE Ltd. has a twelve month low of $179.13 and a twelve month high of $319.88.

NICE (NASDAQ:NICEGet Rating) last issued its quarterly earnings results on Thursday, August 18th. The technology company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The business had revenue of $530.60 million during the quarter, compared to analyst estimates of $525.05 million. NICE had a net margin of 10.74% and a return on equity of 11.52%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, equities research analysts predict that NICE Ltd. will post 5.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wedbush boosted their price target on NICE from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 10th. Royal Bank of Canada boosted their price target on NICE from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, August 19th. Barclays lowered their price target on NICE from $356.00 to $283.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on NICE from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.50.

NICE Company Profile

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NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; 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 connecting them using real time AI-based routing.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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