Proficio Capital Partners LLC Takes Position in NICE Ltd. (NASDAQ:NICE)

Proficio Capital Partners LLC acquired a new stake in NICE Ltd. (NASDAQ:NICE) in the fourth quarter, Holdings Channel.com reports. The firm acquired 30,062 shares of the technology company’s stock, valued at approximately $5,106,000.

Several other hedge funds also recently bought and sold shares of NICE. Financial Perspectives Inc boosted its holdings in NICE by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after purchasing an additional 66 shares during the period. Richardson Financial Services Inc. raised its position in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares in the last quarter. Berry Wealth Group LP boosted its stake in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after buying an additional 80 shares during the period. Rothschild Investment LLC grew its position in NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after buying an additional 80 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in NICE by 48.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE stock opened at $140.62 on Tuesday. The stock has a market capitalization of $8.84 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE Ltd. has a one year low of $137.19 and a one year high of $270.73. The business’s 50 day simple moving average is $166.02 and its two-hundred day simple moving average is $172.27.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Sell-side analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NICE shares. Barclays dropped their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada cut their price target on shares of NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Finally, Northland Securities reduced their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

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.