Dynasty Wealth Management LLC Buys 594 Shares of NICE Ltd. (NASDAQ:NICE)

Dynasty Wealth Management LLC increased its position in NICE Ltd. (NASDAQ:NICE) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,143 shares of the technology company’s stock after acquiring an additional 594 shares during the quarter. Dynasty Wealth Management LLC’s holdings in NICE were worth $534,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NICE. Financial Perspectives Inc lifted its holdings 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 acquiring an additional 66 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in NICE by 43.8% during the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Berry Wealth Group LP lifted its stake in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after purchasing an additional 80 shares during the last quarter. Rothschild Investment LLC lifted its stake in 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. Finally, Allspring Global Investments Holdings LLC lifted its stake in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NICE. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Rosenblatt Securities lowered their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Cantor Fitzgerald cut their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, Citigroup cut their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

NICE Stock Down 2.7 %

NASDAQ:NICE opened at $139.18 on Friday. The firm’s fifty day simple moving average is $166.68 and its 200 day simple moving average is $172.38. The stock has a market cap of $8.75 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE Ltd. has a twelve month low of $137.65 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.

NICE Company 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.