Cwm LLC Raises Stock Position in NICE Ltd. (NASDAQ:NICE)

Cwm LLC lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586 shares of the technology company’s stock after buying an additional 100 shares during the quarter. Cwm LLC’s holdings in NICE were worth $117,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC raised its position in NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in NICE in the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in NICE in the 3rd quarter valued at $37,000. Private Trust Co. NA raised its position in NICE by 40.1% in the 4th quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock valued at $75,000 after purchasing an additional 108 shares during the last quarter. Finally, Buck Wealth Strategies LLC raised its position in NICE by 1,711.1% in the 3rd quarter. Buck Wealth Strategies LLC now owns 489 shares of the technology company’s stock valued at $83,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NICE shares. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, March 13th. Citigroup boosted their price objective on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Northland Securities started coverage on shares of NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Thirteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE presently has an average rating of “Buy” and a consensus target price of $291.00.

NICE Price Performance

Shares of NASDAQ NICE opened at $222.10 on Tuesday. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 1.99 and a beta of 1.04. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73. The company’s 50-day moving average price is $240.11 and its 200 day moving average price is $212.81. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS 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 analysts’ expectations of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. As a group, research analysts forecast that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

NICE 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.