Vestmark Advisory Solutions Inc. Buys New Position in NICE Ltd. (NASDAQ:NICE)

Vestmark Advisory Solutions Inc. purchased a new position in NICE Ltd. (NASDAQ:NICE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,134 shares of the technology company’s stock, valued at approximately $226,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in NICE in the fourth quarter worth $25,000. Lindbrook Capital LLC increased its position in shares of NICE by 88.9% during 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 position in shares of NICE during the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in NICE in the 3rd quarter worth approximately $37,000. Finally, Private Trust Co. NA boosted its stake in NICE by 40.1% in the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock worth $75,000 after buying an additional 108 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NICE shares. Rosenblatt Securities began coverage on shares of NICE in a report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price objective for the company. Northland Securities initiated coverage on shares of NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target for the company. Royal Bank of Canada lifted their price objective on NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Finally, Mizuho lifted their price target on NICE from $244.00 to $300.00 and gave the stock a “buy” 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, NICE currently has a consensus rating of “Buy” and a consensus target price of $291.00.

NICE Stock Up 0.6 %

Shares of NASDAQ NICE opened at $223.43 on Wednesday. The firm has a fifty day simple moving average of $239.60 and a two-hundred day simple moving average of $213.28. The firm has a market capitalization of $14.05 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. 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 Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company had revenue of $623.20 million during the quarter, compared to the consensus estimate of $616.83 million. During the same period in the prior year, the firm earned $1.40 earnings per share. NICE’s revenue was up 9.6% on a year-over-year basis. Equities analysts expect that NICE Ltd. will post 8.21 earnings per share for the current year.

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.