Avior Wealth Management LLC Boosts Stock Position in NICE Ltd. (NASDAQ:NICE)

Avior Wealth Management LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,464 shares of the technology company’s stock after purchasing an additional 509 shares during the period. Avior Wealth Management LLC’s holdings in NICE were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in NICE by 6.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,528 shares of the technology company’s stock worth $773,000 after purchasing an additional 225 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of NICE by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 12,314 shares of the technology company’s stock worth $2,697,000 after purchasing an additional 167 shares in the last quarter. American Century Companies Inc. lifted its stake in NICE by 45.7% in the first quarter. American Century Companies Inc. now owns 2,299 shares of the technology company’s stock valued at $503,000 after buying an additional 721 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in NICE by 2.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the technology company’s stock worth $1,032,000 after purchasing an additional 128 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of NICE by 55.7% in the first quarter. Bank of Montreal Can now owns 5,294 shares of the technology company’s stock valued at $1,192,000 after buying an additional 1,893 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NICE has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Citigroup upped their price target on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Oppenheimer upped their price target on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Mizuho increased their price objective on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Northland Securities initiated coverage on NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price objective for the company. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $291.55.

NICE Stock Performance

NICE stock opened at $230.95 on Friday. The stock’s 50 day moving average price is $241.06 and its 200 day moving average price is $207.21. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $14.70 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, sell-side analysts expect that NICE Ltd. will post 8.21 EPS for the current fiscal 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.