Bruni J V & Co. Co. Has $31.16 Million Position in NICE Ltd. (NASDAQ:NICE)

Bruni J V & Co. Co. raised its holdings in NICE Ltd. (NASDAQ:NICE) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,475 shares of the technology company’s stock after buying an additional 51,907 shares during the period. NICE accounts for about 3.5% of Bruni J V & Co. Co.’s portfolio, making the stock its 11th largest holding. Bruni J V & Co. Co. owned about 0.29% of NICE worth $31,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in 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 buying an additional 100 shares during the last quarter. Avion Wealth acquired a new stake in NICE in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE in the 4th quarter valued at $25,000. Richardson Financial Services Inc. increased its stake in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after buying an additional 67 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in NICE in the 3rd quarter valued at $41,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NICE. Citigroup lowered their price target on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays decreased their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Rosenblatt Securities decreased their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Finally, Cantor Fitzgerald reduced their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Stock Down 2.7 %

Shares of NICE stock opened at $139.18 on Friday. NICE Ltd. has a twelve month low of $137.65 and a twelve month high of $270.73. The company has a 50-day simple moving average of $166.68 and a two-hundred day simple moving average of $172.38. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, sell-side analysts anticipate that NICE Ltd. will post 9.85 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.