Ameriprise Financial Inc. Acquires 1,974 Shares of NICE Ltd. (NASDAQ:NICE)

Ameriprise Financial Inc. increased its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,018 shares of the technology company's stock after acquiring an additional 1,974 shares during the period. Ameriprise Financial Inc.'s holdings in NICE were worth $2,551,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NICE. Avion Wealth purchased a new position in shares of NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new position in NICE during the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC raised its stake in 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. raised its stake in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock valued at $38,000 after buying an additional 67 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Stock Performance

Shares of NASDAQ NICE traded down $2.66 during midday trading on Friday, hitting $164.83. 314,278 shares of the stock traded hands, compared to its average volume of 565,258. The firm has a market capitalization of $10.43 billion, a P/E ratio of 24.38, a PEG ratio of 1.07 and a beta of 1.03. NICE Ltd. has a one year low of $137.19 and a one year high of $200.65. The firm has a 50-day moving average of $156.60 and a two-hundred day moving average of $164.13.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. The company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. NICE's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 earnings per share. Equities analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NICE. JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of NICE in a report on Friday, May 16th. Barclays reduced their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Rosenblatt Securities lifted their target price on shares of NICE from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 16th. DA Davidson increased their price target on shares of NICE from $180.00 to $185.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.50.

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.