NICE Ltd. (NASDAQ:NICE) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 5,858 shares of the technology company’s stock after acquiring an additional 240 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NICE were worth $1,017,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NICE. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of NICE in the 3rd quarter worth about $38,000. Richardson Financial Services Inc. purchased a new stake in shares of NICE during the 1st quarter worth about $39,000. GAMMA Investing LLC increased its position in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in NICE in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Stock Down 2.0 %

NICE stock opened at $174.33 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $170.82 and a 200-day simple moving average of $182.74. The company has a market capitalization of $10.96 billion, a P/E ratio of 31.47, a PEG ratio of 1.44 and a beta of 1.05. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on NICE. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Piper Sandler cut their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Barclays decreased their target price 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 dropped their target price on NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $269.64.

About NICE

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.