ORG Wealth Partners LLC Acquires 384 Shares of Nice (NASDAQ:NICE)

ORG Wealth Partners LLC lifted its stake in Nice (NASDAQ:NICE) by 82.1% during the first quarter, HoldingsChannel.com reports. The firm owned 852 shares of the technology company’s stock after purchasing an additional 384 shares during the quarter. ORG Wealth Partners LLC’s holdings in Nice were worth $132,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Nice in the 4th quarter worth about $313,808,000. FIL Ltd bought a new stake in Nice during the 4th quarter valued at about $70,465,000. New South Capital Management Inc. bought a new stake in Nice during the 4th quarter valued at about $54,980,000. Deutsche Bank AG raised its holdings in Nice by 95.7% in the fourth quarter. Deutsche Bank AG now owns 606,341 shares of the technology company’s stock worth $102,981,000 after buying an additional 296,514 shares during the last quarter. Finally, HMI Capital Management L.P. lifted its stake in shares of Nice by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock worth $279,008,000 after buying an additional 186,600 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Stock Down 0.3%

Nice stock opened at $165.33 on Friday. Nice has a 52-week low of $137.19 and a 52-week high of $200.65. The company has a market cap of $10.46 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.50 and a beta of 1.01. The business has a 50-day simple moving average of $162.16 and a two-hundred day simple moving average of $163.35.

Nice (NASDAQ:NICE) last announced its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The company had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. During the same period in the previous year, the business posted $2.58 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NICE. DA Davidson increased their price target on shares of Nice from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, May 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Nice in a research note on Wednesday. Morgan Stanley reduced their target price on Nice from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of Nice in a report on Wednesday. Finally, Citigroup dropped their price objective on Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nice has a consensus rating of “Moderate Buy” and a consensus target price of $208.92.

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.