4,016 Shares in NICE Ltd. (NASDAQ:NICE) Bought by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new stake in NICE Ltd. (NASDAQ:NICE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,016 shares of the technology company's stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avion Wealth purchased a new stake in NICE in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC purchased a new position in shares of NICE during the fourth quarter worth $25,000. Anchor Investment Management LLC grew its stake in shares of NICE by 200.0% in 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 in the last quarter. McIlrath & Eck LLC grew its stake in shares of NICE by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of NICE by 43.8% in the 4th 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 period. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Down 2.3%

NICE traded down $3.88 on Friday, reaching $163.62. The company's stock had a trading volume of 137,372 shares, compared to its average volume of 564,581. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.07 and a beta of 1.03. NICE Ltd. has a fifty-two week low of $137.19 and a fifty-two week high of $200.65. The stock has a 50 day moving average of $156.48 and a two-hundred day moving average of $164.32.

NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. NICE had a net margin of 16.18% and a return on equity of 16.17%. The business had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the previous year, the firm earned $2.58 EPS. The company's revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen cut NICE from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th. Rosenblatt Securities raised their price objective on shares of NICE from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating for the company in a report on Friday, February 21st. JMP Securities reiterated a "market outperform" rating and set a $300.00 target price on shares of NICE in a report on Friday, May 16th. Finally, Citigroup dropped their price target on shares of NICE from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.50.

NICE Company 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.