Aurora Investment Counsel Increases Stake in NICE Ltd. (NASDAQ:NICE)

Aurora Investment Counsel grew its position in NICE Ltd. (NASDAQ:NICE) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,906 shares of the technology company’s stock after acquiring an additional 80 shares during the period. Aurora Investment Counsel’s holdings in NICE were worth $1,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors grew its holdings in NICE by 4.0% during the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after acquiring an additional 201,035 shares during the period. Capital International Investors increased its holdings in shares of NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock valued at $426,402,000 after purchasing an additional 298,112 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of NICE by 12.3% in the first quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after purchasing an additional 149,149 shares during the period. Black Creek Investment Management Inc. boosted its holdings in NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after buying an additional 250,334 shares in the last quarter. Finally, Vulcan Value Partners LLC increased its holdings in NICE by 49.7% in the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after buying an additional 394,715 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Price Performance

NICE stock opened at $173.67 on Tuesday. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a 50 day moving average price of $170.86 and a 200 day moving average price of $193.21. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.35 and a beta of 1.04.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same period in the prior year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts predict that NICE Ltd. will post 8.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on NICE from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of NICE in a research report on Wednesday, June 12th. William Blair reiterated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Piper Sandler reduced their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $269.64.

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.