Artisan Partners Limited Partnership Purchases 16,513 Shares of NICE Ltd. (NASDAQ:NICE)

Artisan Partners Limited Partnership increased its holdings in NICE Ltd. (NASDAQ:NICEFree Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,436,177 shares of the technology company’s stock after buying an additional 16,513 shares during the quarter. Artisan Partners Limited Partnership owned 2.26% of NICE worth $244,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of NICE during the first quarter valued at approximately $32,000. ST Germain D J Co. Inc. bought a new stake in NICE in the second quarter worth $43,000. EverSource Wealth Advisors LLC increased its position in NICE by 329.0% in the second quarter. EverSource Wealth Advisors LLC now owns 296 shares of the technology company’s stock worth $61,000 after purchasing an additional 227 shares during the last quarter. Loomis Sayles & Co. L P increased its position in NICE by 25.2% in the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after purchasing an additional 60 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its position in NICE by 146.9% in the third quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 63.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NICE. Morgan Stanley upgraded shares of NICE from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $225.00 to $220.00 in a research report on Monday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $238.00 target price on shares of NICE in a research note on Friday, November 17th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 3rd. TheStreet raised shares of NICE from a “c+” rating to a “b-” rating in a research note on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $343.00 target price on shares of NICE in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $256.30.

Get Our Latest Research Report on NICE

NICE Price Performance

NICE stock traded up $1.23 during midday trading on Thursday, reaching $218.37. The stock had a trading volume of 179,812 shares, compared to its average volume of 308,878. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $231.54. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company’s fifty day simple moving average is $204.42 and its 200 day simple moving average is $191.52. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.14.

NICE (NASDAQ:NICEGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The technology company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.12. NICE had a return on equity of 13.06% and a net margin of 14.11%. The firm had revenue of $601.30 million during the quarter, compared to the consensus estimate of $595.00 million. During the same period last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that NICE Ltd. will post 6.64 earnings per share for the current fiscal year.

NICE Company Profile

(Free Report)

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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