Smartleaf Asset Management LLC Has $245,000 Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Smartleaf Asset Management LLC raised its position in shares of NICE Ltd. (NASDAQ:NICE) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,434 shares of the technology company’s stock after purchasing an additional 265 shares during the period. Smartleaf Asset Management LLC’s holdings in NICE were worth $245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of NICE by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 141,264 shares of the technology company’s stock worth $23,992,000 after buying an additional 4,853 shares in the last quarter. Flputnam Investment Management Co. acquired a new position in NICE during the fourth quarter worth about $259,000. Bruni J V & Co. Co. lifted its holdings in shares of NICE by 39.5% in the fourth quarter. Bruni J V & Co. Co. now owns 183,475 shares of the technology company’s stock worth $31,161,000 after acquiring an additional 51,907 shares during the last quarter. Dynasty Wealth Management LLC boosted its stake in shares of NICE by 23.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 3,143 shares of the technology company’s stock valued at $534,000 after purchasing an additional 594 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of NICE by 13.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,347 shares of the technology company’s stock valued at $738,000 after purchasing an additional 527 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NICE shares. Piper Sandler reissued a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Barclays dropped their target price on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Performance

NICE stock opened at $148.26 on Thursday. The firm has a 50 day moving average price of $165.40 and a two-hundred day moving average price of $172.04. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $270.73. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. As a group, equities research analysts predict that NICE Ltd. will post 9.85 EPS 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.