Blue Trust Inc. Buys 164 Shares of NICE Ltd. (NASDAQ:NICE)

Blue Trust Inc. lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 19.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,016 shares of the technology company’s stock after purchasing an additional 164 shares during the quarter. Blue Trust Inc.’s holdings in NICE were worth $175,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. bought a new position in shares of NICE in the first quarter valued at about $39,000. Allspring Global Investments Holdings LLC raised its holdings in shares of NICE by 135.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of NICE in the third quarter valued at about $38,000. GAMMA Investing LLC raised its holdings in shares of NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after buying an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of NICE in the second quarter valued at about $72,000. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NICE shares. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a research report on Friday, August 16th. Barclays lowered their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Northland Securities lowered their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE currently has a consensus rating of “Buy” and a consensus price target of $269.64.

NICE Trading Down 2.0 %

NASDAQ NICE opened at $174.33 on Friday. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.44 and a beta of 1.05. The stock’s 50 day moving average price is $170.82 and its two-hundred day moving average price is $183.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping 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 company had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts anticipate that NICE Ltd. will post 8.5 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.