Westfield Capital Management Co. LP Raises Stock Position in NICE Ltd. (NASDAQ:NICE)

Westfield Capital Management Co. LP increased its stake in NICE Ltd. (NASDAQ:NICE) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 579,249 shares of the technology company’s stock after purchasing an additional 68,229 shares during the quarter. Westfield Capital Management Co. LP owned 0.91% of NICE worth $115,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its stake in shares of NICE by 7.5% during the 4th quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock worth $154,000 after acquiring an additional 51 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of NICE by 11.1% during the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after acquiring an additional 60 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of NICE by 88.9% during the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. Mendota Financial Group LLC boosted its stake in shares of NICE by 9.0% during the 4th quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock worth $158,000 after acquiring an additional 65 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of NICE by 2.3% during the 3rd quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock valued at $508,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock traded down $0.44 during trading hours on Friday, reaching $189.66. The company’s stock had a trading volume of 389,461 shares, compared to its average volume of 667,309. The firm has a 50 day moving average price of $231.18 and a 200-day moving average price of $217.52. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market cap of $11.92 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.57 and a beta of 1.04.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.92% and a return on equity of 14.05%. The firm had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. During the same period in the previous year, the firm posted $1.40 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that NICE Ltd. will post 8.23 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NICE shares. Northland Securities started coverage on shares of NICE in a research note on Tuesday, January 30th. They set an “outperform” rating and a $300.00 target price on the stock. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Barclays lifted their target price on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Jefferies Financial Group reduced their price target on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Finally, Bank of America reduced their price target on shares of NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $285.92.

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.