NBC Securities Inc. Makes New $34,000 Investment in NICE Ltd. (NASDAQ:NICE)

NBC Securities Inc. acquired a new stake in shares of NICE Ltd. (NASDAQ:NICE) during the first quarter, HoldingsChannel reports. The firm acquired 221 shares of the technology company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also modified their holdings of NICE. Sanctuary Advisors LLC grew its position in NICE by 329.9% in the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after acquiring an additional 4,407 shares during the period. Ceera Investments LLC acquired a new position in NICE in the fourth quarter worth $4,963,000. Haven Capital Group Inc. acquired a new position in NICE in the fourth quarter worth $5,577,000. New South Capital Management Inc. acquired a new position in shares of NICE during the fourth quarter valued at $54,980,000. Finally, BTC Capital Management Inc. lifted its stake in shares of NICE by 92.3% during the first quarter. BTC Capital Management Inc. now owns 8,416 shares of the technology company’s stock valued at $1,297,000 after acquiring an additional 4,040 shares during the period. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

Shares of NASDAQ NICE opened at $165.68 on Friday. The stock has a 50 day moving average price of $160.84 and a 200 day moving average price of $163.78. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $200.65. The stock has a market capitalization of $10.48 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.84 by $0.03. NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same period in the previous year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $161.00 price target on shares of NICE in a research note on Friday, May 16th. Wall Street Zen lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price target on shares of NICE in a research note on Friday, May 16th. Citigroup dropped their price objective on NICE from $214.00 to $211.00 and set a “buy” rating for the company in a report on Monday, May 19th. Finally, Morgan Stanley decreased their price objective on NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.92.

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.