Apollon Wealth Management LLC Purchases Shares of 4,045 NICE Ltd. (NASDAQ:NICE)

Apollon Wealth Management LLC bought a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,045 shares of the technology company's stock, valued at approximately $807,000.

Several other institutional investors also recently made changes to their positions in NICE. Artisan Partners Limited Partnership lifted its holdings in shares of NICE by 1.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,436,177 shares of the technology company's stock worth $244,150,000 after acquiring an additional 16,513 shares during the period. Black Creek Investment Management Inc. raised its holdings in NICE by 22.0% in the third quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company's stock valued at $194,533,000 after buying an additional 206,551 shares during the period. William Blair Investment Management LLC raised its holdings in NICE by 0.6% in the third quarter. William Blair Investment Management LLC now owns 1,017,406 shares of the technology company's stock valued at $172,929,000 after buying an additional 5,803 shares during the period. RGM Capital LLC raised its holdings in NICE by 14.3% in the third quarter. RGM Capital LLC now owns 907,048 shares of the technology company's stock valued at $154,198,000 after buying an additional 113,170 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in NICE by 169.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company's stock valued at $89,902,000 after buying an additional 332,650 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Performance

NICE stock traded up $2.30 during mid-day trading on Friday, reaching $225.15. The company had a trading volume of 460,923 shares, compared to its average volume of 363,791. 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 stock has a market capitalization of $14.16 billion, a P/E ratio of 44.23, a P/E/G ratio of 2.00 and a beta of 1.04. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The stock's 50-day simple moving average is $238.22 and its two-hundred day simple moving average is $214.28.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to analysts' expectations of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. Research analysts anticipate that NICE Ltd. will post 8.21 EPS for the current year.

Wall Street Analyst Weigh In

NICE has been the subject of several recent research reports. TheStreet raised shares of NICE from a "c+" rating to a "b-" rating in a research report on Tuesday, February 6th. Citigroup raised their price target on shares of NICE from $283.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Oppenheimer raised their price target on shares of NICE from $225.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. DA Davidson raised shares of 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 report on Wednesday, March 13th. Finally, Barclays lifted their price objective on shares of NICE from $283.00 to $320.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Thirteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus 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.