Wolverine Asset Management LLC Acquires Shares of 6,790 NICE Ltd. (NASDAQ:NICE)

Wolverine Asset Management LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,790 shares of the technology company’s stock, valued at approximately $1,355,000.

Several other large investors have also recently made changes to their positions in NICE. AE Wealth Management LLC boosted its stake in NICE by 48.9% in the 3rd quarter. AE Wealth Management LLC now owns 2,379 shares of the technology company’s stock worth $404,000 after purchasing an additional 781 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of NICE by 26.3% during the third quarter. GHP Investment Advisors Inc. now owns 4,270 shares of the technology company’s stock valued at $678,000 after acquiring an additional 890 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of NICE by 92.3% during the third quarter. Exchange Traded Concepts LLC now owns 5,028 shares of the technology company’s stock valued at $855,000 after acquiring an additional 2,414 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of NICE by 3.1% during the third quarter. ARK Investment Management LLC now owns 9,932 shares of the technology company’s stock valued at $1,688,000 after acquiring an additional 301 shares in the last quarter. Finally, Clarius Group LLC raised its holdings in NICE by 7.2% in the third quarter. Clarius Group LLC now owns 1,353 shares of the technology company’s stock worth $230,000 after purchasing an additional 91 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Price Performance

NICE opened at $230.71 on Thursday. The business has a fifty day moving average of $241.39 and a 200 day moving average of $208.92. NICE Ltd. has a 52-week low of $149.54 and a 52-week 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 $14.50 billion, a P/E ratio of 45.33, a PEG ratio of 2.05 and a beta of 1.02.

NICE (NASDAQ:NICE) last issued its earnings results 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 business had revenue of $623.20 million during the quarter, compared to analyst estimates of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. NICE’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. As a group, sell-side analysts anticipate that NICE Ltd. will post 8.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NICE. DA Davidson upgraded NICE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, March 13th. Rosenblatt Securities assumed coverage on NICE in a research note on Tuesday. They issued a “buy” rating and a $285.00 price objective on the stock. Oppenheimer raised their price objective on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. JMP Securities reissued a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Finally, Wedbush lifted their price objective on NICE from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Thirteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $291.00.

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.