Lindbrook Capital LLC Has $27,000 Stake in NICE Ltd. (NASDAQ:NICE)

Lindbrook Capital LLC grew its position in NICE Ltd. (NASDAQ:NICE) by 88.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136 shares of the technology company’s stock after purchasing an additional 64 shares during the quarter. Lindbrook Capital LLC’s holdings in NICE were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in NICE by 44,660.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 388,069 shares of the technology company’s stock worth $65,970,000 after buying an additional 387,202 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in NICE by 169.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 528,838 shares of the technology company’s stock worth $89,902,000 after buying an additional 332,650 shares in the last quarter. Black Creek Investment Management Inc. grew its position in NICE by 22.0% during the third quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock worth $194,533,000 after buying an additional 206,551 shares in the last quarter. RGM Capital LLC grew its position in NICE by 14.3% during the third quarter. RGM Capital LLC now owns 907,048 shares of the technology company’s stock worth $154,198,000 after buying an additional 113,170 shares in the last quarter. Finally, Quadrature Capital Ltd grew its position in NICE by 111.9% during the third quarter. Quadrature Capital Ltd now owns 89,788 shares of the technology company’s stock worth $15,265,000 after buying an additional 47,414 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NICE shares. Mizuho increased their price target on NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Oppenheimer raised their target price on NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wedbush raised their target price on NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Northland Securities assumed coverage on NICE in a report on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 target price on the stock. Finally, Barclays raised their target price on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Thirteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $291.00.

NICE Stock Down 0.7 %

Shares of NICE opened at $225.48 on Friday. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.04 and a beta of 1.02. 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 fifty day moving average of $241.56 and a 200-day moving average of $209.20.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million during 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%. NICE’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. As a group, sell-side analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current fiscal year.

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.