ProShare Advisors LLC Acquires 271 Shares of NICE Ltd. (NASDAQ:NICE)

ProShare Advisors LLC increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 19.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,693 shares of the technology company’s stock after purchasing an additional 271 shares during the quarter. ProShare Advisors LLC’s holdings in NICE were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NICE. Avion Wealth bought a new stake in shares of NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE in the fourth quarter valued at $25,000. Anchor Investment Management LLC boosted its position in shares of NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Richardson Financial Services Inc. grew its position in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares in the last quarter. Finally, Sandy Spring Bank increased its position in shares of NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock valued at $38,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Rosenblatt Securities upped their price target on shares of NICE from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Barclays lowered their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Morgan Stanley dropped their price target on NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $161.00 price target on shares of NICE in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and a consensus price target of $211.50.

NICE Stock Performance

Shares of NICE stock opened at $164.83 on Friday. NICE Ltd. has a one year low of $137.19 and a one year high of $200.65. The stock’s fifty day moving average is $156.60 and its 200 day moving average is $164.13. The stock has a market cap of $10.43 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.07 and a beta of 1.03.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.84 by $0.03. NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the prior year, the firm earned $2.58 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Analysts predict that NICE Ltd. will post 9.85 EPS for the current 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.