Highland Capital Management LLC Acquires 150 Shares of NICE Ltd. (NASDAQ:NICE)

Highland Capital Management LLC increased its holdings in NICE Ltd. (NASDAQ:NICE) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,750 shares of the technology company’s stock after purchasing an additional 150 shares during the period. Highland Capital Management LLC’s holdings in NICE were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NICE. Sunbelt Securities Inc. bought a new position in shares of NICE in the first quarter worth $32,000. ST Germain D J Co. Inc. bought a new position in NICE in the 2nd quarter worth about $43,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of NICE during the third quarter valued at about $37,000. Loomis Sayles & Co. L P lifted its holdings in shares of NICE by 25.2% in the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after buying an additional 60 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in NICE by 146.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after acquiring an additional 282 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Performance

NASDAQ:NICE opened at $255.59 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.45 and a current ratio of 2.06. The stock has a 50-day simple moving average of $231.46 and a two-hundred day simple moving average of $199.73. The firm has a market capitalization of $16.26 billion, a PE ratio of 50.21, a P/E/G ratio of 2.35 and a beta of 1.02. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NICE. Wedbush boosted their price target on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada upped their price target on shares of NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Oppenheimer lifted their target price on shares of NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Northland Securities began coverage on NICE in a report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target on the stock. Finally, DA Davidson upgraded shares of NICE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, March 13th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE presently has a consensus rating of “Buy” and an average target price of $291.55.

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.