Wolverine Asset Management LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Wolverine Asset Management LLC purchased a new stake in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,790 shares of the technology company's stock, valued at approximately $1,355,000.

Several other institutional investors have also added to or reduced their stakes in NICE. TimesSquare Capital Management LLC lifted its stake in shares of NICE by 2.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company's stock valued at $62,888,000 after purchasing an additional 9,053 shares during the last quarter. Shelton Capital Management lifted its stake in shares of NICE by 274.5% in the 3rd quarter. Shelton Capital Management now owns 6,685 shares of the technology company's stock valued at $1,136,000 after purchasing an additional 4,900 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of NICE by 60.0% in the 3rd quarter. Altshuler Shaham Ltd now owns 8,722 shares of the technology company's stock valued at $1,471,000 after purchasing an additional 3,270 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of NICE by 26.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,464 shares of the technology company's stock valued at $492,000 after purchasing an additional 509 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of NICE by 4.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company's stock valued at $853,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

NICE Stock Down 1.6 %

NICE stock traded down $3.71 on Thursday, hitting $227.00. 239,501 shares of the company's stock were exchanged, compared to its average volume of 352,068. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The firm has a 50 day moving average price of $241.51 and a two-hundred day moving average price of $209.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $14.27 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.02.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NICE. Royal Bank of Canada raised their price objective on NICE from $238.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. DA Davidson raised NICE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, March 13th. Oppenheimer raised their price target on NICE from $225.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $343.00 target price on shares of NICE in a research report on Friday, February 23rd. Finally, TheStreet raised NICE from a "c+" rating to a "b-" rating in a research report on Tuesday, February 6th. Thirteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $291.00.

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.