Summit Creek Advisors LLC raised its stake in shares of NICE Ltd. (NASDAQ:NICE – Get Rating) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,585 shares of the technology company’s stock after buying an additional 358 shares during the period. Summit Creek Advisors LLC’s holdings in NICE were worth $1,004,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Prospera Financial Services Inc bought a new position in NICE during the first quarter valued at about $36,000. Loomis Sayles & Co. L P bought a new position in NICE during the fourth quarter valued at about $72,000. UMB Bank N A MO bought a new position in NICE during the fourth quarter valued at about $88,000. Benjamin F. Edwards & Company Inc. bought a new position in NICE during the first quarter valued at about $73,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of NICE in the fourth quarter worth about $222,000. 70.48% of the stock is currently owned by institutional investors.
NICE Stock Down 0.1 %
NASDAQ NICE opened at $221.06 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $202.45 and its two-hundred day moving average is $215.18. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 73.69, a PEG ratio of 2.99 and a beta of 0.85. NICE Ltd. has a 1-year low of $179.13 and a 1-year high of $319.88.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on NICE shares. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 10th. Royal Bank of Canada dropped their price objective on NICE from $365.00 to $240.00 in a research note on Friday, May 13th. Barclays dropped their price objective on NICE from $356.00 to $283.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Morgan Stanley decreased their target price on NICE from $260.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Finally, Jefferies Financial Group decreased their target price on NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, NICE has a consensus rating of “Moderate Buy” and a consensus target price of $272.00.
NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; 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 connecting them using real time AI-based routing.
- Get a free copy of the StockNews.com research report on NICE (NICE)
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