Hara Capital LLC Takes $127,000 Position in NICE Ltd. (NASDAQ:NICE)

Hara Capital LLC bought a new stake in NICE Ltd. (NASDAQ:NICE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 730 shares of the technology company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Leslie Global Wealth LLC acquired a new position in NICE in the third quarter valued at $365,000. Asset Management One Co. Ltd. increased its position in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 5,629 shares during the period. Harvey Capital Management Inc. purchased a new stake in NICE during the 3rd quarter valued at approximately $2,604,000. Van ECK Associates Corp lifted its position in NICE by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 21,766 shares of the technology company’s stock worth $3,820,000 after acquiring an additional 337 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

NICE traded up $2.67 during trading on Thursday, reaching $177.95. 117,740 shares of the stock were exchanged, compared to its average volume of 501,540. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The business’s 50 day moving average price is $170.15 and its two-hundred day moving average price is $179.92. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.37 and a beta of 1.04.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NICE Ltd. will post 8.5 earnings per share for the current year.

Wall Street Analyst Weigh In

NICE has been the subject of several analyst reports. Northland Securities cut their price target on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Barclays reduced their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Finally, Piper Sandler dropped their target price on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $269.64.

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.