Fisher Asset Management LLC Purchases 351 Shares of NICE Ltd. (NASDAQ:NICE)

Fisher Asset Management LLC increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,252 shares of the technology company’s stock after buying an additional 351 shares during the period. Fisher Asset Management LLC owned 0.22% of NICE worth $28,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management boosted its position in shares of NICE by 7.5% in the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after acquiring an additional 51 shares during the period. Pacer Advisors Inc. raised its stake in NICE by 11.1% during the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after purchasing an additional 60 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in NICE by 88.9% in the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares during the period. Mendota Financial Group LLC grew its position in NICE by 9.0% in the 4th quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock worth $158,000 after purchasing an additional 65 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of NICE by 2.3% during the 3rd quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock worth $508,000 after purchasing an additional 68 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NICE has been the topic of several research reports. Rosenblatt Securities lowered their price target on NICE from $285.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Barclays boosted their price objective on NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Oppenheimer raised their target price on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada lowered their price target on shares of NICE from $265.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Finally, Jefferies Financial Group reduced their price objective on shares of NICE from $280.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 17th. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $276.62.

NICE Stock Down 0.5 %

NASDAQ NICE opened at $167.06 on Tuesday. The stock’s 50 day simple moving average is $206.67 and its 200 day simple moving average is $216.57. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The firm has a market cap of $10.50 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The company had revenue of $659.31 million for the quarter, compared to analyst estimates of $654.81 million. As a group, sell-side analysts forecast that NICE Ltd. will post 8.4 earnings per share 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.