Creative Planning Acquires 217 Shares of NICE Ltd. (NASDAQ:NICE)

Creative Planning lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 7,608 shares of the technology company’s stock after purchasing an additional 217 shares during the quarter. Creative Planning’s holdings in NICE were worth $1,321,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NICE. Grove Bank & Trust lifted its stake in NICE by 29.2% in the third quarter. Grove Bank & Trust now owns 544 shares of the technology company’s stock valued at $94,000 after buying an additional 123 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of NICE in the 3rd quarter valued at $38,000. Inspire Investing LLC lifted its position in shares of NICE by 17.6% during the 3rd quarter. Inspire Investing LLC now owns 4,921 shares of the technology company’s stock valued at $855,000 after acquiring an additional 736 shares during the period. Mendota Financial Group LLC boosted its stake in NICE by 11.4% during the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after acquiring an additional 86 shares in the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of NICE during the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of recent research reports. Northland Securities decreased their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, August 16th. Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. Piper Sandler dropped their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat, NICE has a consensus rating of “Buy” and an average target price of $269.64.

NICE Price Performance

Shares of NICE stock opened at $178.54 on Thursday. The business’s 50-day moving average price is $170.73 and its 200-day moving average price is $181.92. The firm has a market capitalization of $11.22 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13.

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

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.