Veracity Capital LLC Purchases 2,177 Shares of NICE Ltd. (NASDAQ:NICE)

Veracity Capital LLC raised its stake in NICE Ltd. (NASDAQ:NICE - Free Report) by 40.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,606 shares of the technology company's stock after buying an additional 2,177 shares during the quarter. Veracity Capital LLC's holdings in NICE were worth $1,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Financial Perspectives Inc boosted its stake in NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock valued at $108,000 after buying an additional 66 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock worth $243,000 after acquiring an additional 77 shares during the period. Rothschild Investment LLC raised its position in NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after acquiring an additional 80 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in NICE by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NICE shares. Rosenblatt Securities raised 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. Morgan Stanley decreased their target price on NICE from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $200.00 price target on shares of NICE in a research report on Friday, May 16th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $161.00 price objective on shares of NICE in a research note 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 given a buy rating to the stock. According to MarketBeat, NICE presently has an average rating of "Moderate Buy" and an average target price of $211.50.

NICE Price Performance

Shares of NICE stock traded up $0.74 during trading on Friday, hitting $176.70. The company's stock had a trading volume of 281,279 shares, compared to its average volume of 543,453. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $200.65. The stock has a 50-day moving average price of $157.82 and a two-hundred day moving average price of $163.86.

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

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.