Cerity Partners LLC Has $890,000 Stake in NICE Ltd. (NASDAQ:NICE)

Cerity Partners LLC boosted its position in NICE Ltd. (NASDAQ:NICE) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,460 shares of the technology company’s stock after purchasing an additional 557 shares during the period. Cerity Partners LLC’s holdings in NICE were worth $890,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in NICE in the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of NICE in the third quarter valued at about $37,000. Private Trust Co. NA raised its position in shares of NICE by 40.1% during the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock worth $75,000 after acquiring an additional 108 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of NICE by 146.9% in the third quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after acquiring an additional 282 shares during the period. Finally, Buck Wealth Strategies LLC boosted its holdings in NICE by 1,711.1% in the third quarter. Buck Wealth Strategies LLC now owns 489 shares of the technology company’s stock valued at $83,000 after acquiring an additional 462 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NICE shares. Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. JMP Securities reiterated a “market outperform” rating and set a $343.00 price target on shares of NICE in a report on Friday, February 23rd. Northland Securities assumed coverage on NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price objective on the stock. Citigroup lifted their target price on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Wedbush increased their price target on NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE has a consensus rating of “Buy” and a consensus target price of $291.55.

NICE Price Performance

Shares of NICE opened at $224.42 on Tuesday. The business’s fifty day moving average is $241.18 and its 200 day moving average is $208.51. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The stock has a market cap of $14.11 billion, a P/E ratio of 44.09, a P/E/G ratio of 2.02 and a beta of 1.02.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. Sell-side analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

NICE Company 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.