Raymond James Financial Inc. Invests $26.81 Million in NICE Ltd. (NASDAQ:NICE)

Raymond James Financial Inc. acquired a new position in shares of NICE Ltd. (NASDAQ:NICE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 157,856 shares of the technology company's stock, valued at approximately $26,810,000. Raymond James Financial Inc. owned 0.25% of NICE at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Financial Perspectives Inc lifted its position in shares of NICE by 11.6% during the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company's stock worth $108,000 after buying an additional 66 shares during the last quarter. Richardson Financial Services Inc. raised its stake in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company's stock worth $38,000 after acquiring an additional 67 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in NICE by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after acquiring an additional 77 shares during the last quarter. Berry Wealth Group LP boosted its stake in NICE by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company's stock valued at $274,000 after acquiring an additional 80 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after purchasing an additional 80 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NICE. Cantor Fitzgerald dropped their price target on NICE from $176.00 to $161.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Rosenblatt Securities lowered their target price on shares of NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. DA Davidson reduced their price target on shares of NICE from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays lowered their price objective on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on shares of NICE from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, NICE presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.71.

NICE Stock Up 4.7 %

Shares of NICE stock traded up $6.97 during trading on Wednesday, reaching $154.04. The company's stock had a trading volume of 122,291 shares, compared to its average volume of 584,046. The business has a 50 day moving average price of $152.07 and a 200-day moving average price of $167.09. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $231.67. The company has a market capitalization of $9.68 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to analysts' expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Research analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

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.