International Assets Investment Management LLC Acquires Shares of 23,542 NICE Ltd. (NASDAQ:NICE)

International Assets Investment Management LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,542 shares of the technology company's stock, valued at approximately $4,697,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of NICE by 0.3% during the second quarter. Legal & General Group Plc now owns 14,955 shares of the technology company's stock valued at $2,878,000 after acquiring an additional 51 shares during the period. Pacer Advisors Inc. grew its position in NICE by 11.1% in the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company's stock worth $120,000 after purchasing an additional 60 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of NICE by 25.2% in the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company's stock valued at $65,000 after purchasing an additional 60 shares during the period. Mendota Financial Group LLC raised its holdings in shares of NICE by 9.0% during the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company's stock valued at $158,000 after buying an additional 65 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of NICE by 2.3% during the third quarter. Diversified Trust Co now owns 2,988 shares of the technology company's stock worth $508,000 after buying an additional 68 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Trading Down 0.4 %

Shares of NICE stock traded down $0.92 during trading hours on Wednesday, reaching $230.54. 179,877 shares of the stock traded hands, compared to its average volume of 359,085. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $14.67 billion, a PE ratio of 45.47, a PEG ratio of 2.08 and a beta of 1.02. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73. The business has a fifty day moving average price of $240.54 and a 200 day moving average price of $206.88.

NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to the consensus estimate of $616.83 million. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. On average, equities research analysts forecast that NICE Ltd. will post 8.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lifted their target price on NICE from $283.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Wedbush lifted their price objective on shares of NICE from $230.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. DA Davidson upgraded shares of NICE from a "neutral" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a research report on Wednesday, March 13th. JMP Securities reissued a "market outperform" rating and set a $343.00 target price on shares of NICE in a research note on Friday, February 23rd. Finally, Mizuho upped their price target on shares of NICE from $244.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $291.55.

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.