International Assets Investment Management LLC Buys New Position in NICE Ltd. (NASDAQ:NICE)

International Assets Investment Management LLC acquired a new position in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,542 shares of the technology company’s stock, valued at approximately $4,697,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LA Financiere DE L Echiquier lifted its stake in shares of NICE by 13.1% in the fourth quarter. LA Financiere DE L Echiquier now owns 58,510 shares of the technology company’s stock valued at $11,673,000 after buying an additional 6,791 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of NICE by 18.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 13,000 shares of the technology company’s stock worth $2,599,000 after purchasing an additional 2,000 shares in the last quarter. Private Trust Co. NA increased its position in shares of NICE by 40.1% during the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock valued at $75,000 after purchasing an additional 108 shares during the period. Osborne Partners Capital Management LLC raised its stake in shares of NICE by 9.1% in the fourth quarter. Osborne Partners Capital Management LLC now owns 36,094 shares of the technology company’s stock valued at $7,201,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Mendota Financial Group LLC lifted its position in NICE by 9.0% in the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock worth $158,000 after purchasing an additional 65 shares during the period. Institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NICE stock opened at $222.02 on Thursday. The company has a market cap of $13.96 billion, a PE ratio of 43.62, a PEG ratio of 1.99 and a beta of 1.04. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company’s 50-day moving average is $239.14 and its two-hundred day moving average is $213.34.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. During the same period in the prior year, the business posted $1.40 earnings per share. NICE’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that NICE Ltd. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on NICE shares. Mizuho boosted their price target on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd. TheStreet raised NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. DA Davidson raised NICE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $250.00 to $300.00 in a report on Wednesday, March 13th. Barclays raised their target price on NICE from $283.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Rosenblatt Securities began coverage on NICE in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 price target on the stock. Thirteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.