SG Americas Securities LLC Grows Position in NICE Ltd. (NASDAQ:NICE)

SG Americas Securities LLC raised its position in NICE Ltd. (NASDAQ:NICE) by 67.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,237 shares of the technology company’s stock after acquiring an additional 2,110 shares during the quarter. SG Americas Securities LLC’s holdings in NICE were worth $910,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Capital Management boosted its stake in NICE by 7.1% in the third quarter. Davis Capital Management now owns 4,860 shares of the technology company’s stock valued at $844,000 after acquiring an additional 324 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in NICE during the 2nd quarter worth approximately $595,000. Aurora Investment Counsel grew its position in NICE by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after buying an additional 80 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in NICE by 21.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,708 shares of the technology company’s stock valued at $294,000 after buying an additional 300 shares during the last quarter. Finally, Creative Planning increased its stake in NICE by 9.9% in the 2nd quarter. Creative Planning now owns 7,391 shares of the technology company’s stock valued at $1,271,000 after buying an additional 666 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE stock opened at $171.09 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The company’s fifty day moving average price is $168.68 and its two-hundred day moving average price is $188.87. The firm has a market capitalization of $10.76 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.34 and a beta of 1.05. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same quarter in the prior year, the business posted $1.63 earnings per share. NICE’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts anticipate that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NICE. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a report on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Finally, Barclays lowered their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $269.64.

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.