Raymond James Financial Services Advisors Inc. Boosts Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of NICE Ltd. (NASDAQ:NICEGet Rating) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,633 shares of the technology company’s stock after buying an additional 254 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NICE were worth $684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of NICE by 5.9% during the second quarter. FMR LLC now owns 3,344,513 shares of the technology company’s stock worth $643,652,000 after acquiring an additional 187,629 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in NICE by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,568,366 shares of the technology company’s stock worth $494,282,000 after purchasing an additional 171,470 shares during the period. Capital International Investors boosted its stake in NICE by 2.0% in the 1st quarter. Capital International Investors now owns 1,627,984 shares of the technology company’s stock worth $357,017,000 after purchasing an additional 32,312 shares during the period. RGM Capital LLC grew its holdings in NICE by 3.1% during the 2nd quarter. RGM Capital LLC now owns 895,148 shares of the technology company’s stock valued at $172,271,000 after buying an additional 26,776 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of NICE by 14.3% during the second quarter. Franklin Resources Inc. now owns 854,679 shares of the technology company’s stock valued at $164,483,000 after buying an additional 107,061 shares during the period. 63.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NICE shares. StockNews.com initiated coverage on shares of NICE in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Piper Sandler raised shares of NICE from a “neutral” rating to an “overweight” rating and set a $227.00 price target on the stock in a report on Tuesday, January 17th. Morgan Stanley lifted their price objective on NICE from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Friday, November 11th. Citigroup upped their target price on NICE from $254.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 11th. Finally, TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a research report on Wednesday, January 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.25.

NICE Stock Performance

NASDAQ:NICE opened at $209.89 on Tuesday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 2.48 and a beta of 0.82. The business has a 50 day moving average of $196.63 and a 200 day moving average of $200.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.11 and a quick ratio of 2.11. NICE Ltd. has a 1-year low of $164.65 and a 1-year high of $274.01.

NICE (NASDAQ:NICEGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The technology company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. NICE had a net margin of 11.56% and a return on equity of 11.89%. The firm had revenue of $554.72 million during the quarter, compared to analyst estimates of $548.49 million. On average, sell-side analysts predict that NICE Ltd. will post 5.42 earnings per share for the current fiscal year.

NICE 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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