Guggenheim Capital LLC Purchases 1,164 Shares of NICE Ltd. (NASDAQ:NICE)

Guggenheim Capital LLC raised its position in NICE Ltd. (NASDAQ:NICE) by 90.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,449 shares of the technology company’s stock after buying an additional 1,164 shares during the period. Guggenheim Capital LLC’s holdings in NICE were worth $416,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NICE. Sanctuary Advisors LLC boosted its holdings in shares of NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock worth $948,000 after acquiring an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in NICE by 106.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock worth $731,000 after purchasing an additional 2,219 shares in the last quarter. Kopion Asset Management LLC bought a new stake in shares of NICE during the fourth quarter worth $7,433,000. Ceera Investments LLC acquired a new stake in NICE in the 4th quarter valued at about $4,963,000. Finally, CCLA Investment Management increased its holdings in shares of NICE by 14.1% in the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after purchasing an additional 87,003 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lowered their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Rosenblatt Securities lowered their price objective on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday. DA Davidson reduced their target price on NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.29.

NICE Trading Up 0.3 %

NASDAQ NICE opened at $155.01 on Friday. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $229.33. The stock has a 50 day moving average of $150.70 and a 200-day moving average of $166.80. The company has a market cap of $9.75 billion, a PE ratio of 22.93, a PEG ratio of 1.07 and a beta of 1.05.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, sell-side 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.