Cerity Partners LLC Acquires 557 Shares of NICE Ltd. (NASDAQ:NICE)

Cerity Partners LLC increased its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 14.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,460 shares of the technology company’s stock after buying an additional 557 shares during the period. Cerity Partners LLC’s holdings in NICE were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of NICE during the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in NICE during the third quarter valued at $37,000. Private Trust Co. NA lifted its holdings in NICE by 40.1% in the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock valued at $75,000 after acquiring an additional 108 shares during the period. Ronald Blue Trust Inc. boosted its position in NICE by 146.9% in the third quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after purchasing an additional 282 shares during the last quarter. Finally, Buck Wealth Strategies LLC grew its stake in shares of NICE by 1,711.1% during the 3rd quarter. Buck Wealth Strategies LLC now owns 489 shares of the technology company’s stock valued at $83,000 after purchasing an additional 462 shares during the period. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NICE has been the topic of several recent research reports. Oppenheimer increased their price target on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. JMP Securities reiterated a “market outperform” rating and set a $343.00 target price on shares of NICE in a research report on Friday, February 23rd. Mizuho upped 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. TheStreet raised NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, Barclays boosted their price objective on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NICE currently has an average rating of “Buy” and an average target price of $291.55.

NICE Trading Up 0.1 %

NICE stock opened at $224.42 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06. The firm’s 50 day moving average price is $241.18 and its 200-day moving average price is $208.51. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The stock has a market cap of $14.11 billion, a P/E ratio of 44.09, a PEG ratio of 2.02 and a beta of 1.02.

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