Capital Group Private Client Services Inc. Purchases 9,907 Shares of NICE Ltd. (NASDAQ:NICE)

Capital Group Private Client Services Inc. increased its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,587 shares of the technology company’s stock after acquiring an additional 9,907 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in NICE were worth $15,269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NICE. Psagot Value Holdings Ltd. Israel boosted its position in NICE by 5,255.0% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock valued at $1,282,000 after buying an additional 6,306 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in NICE by 34.9% during the 4th quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock valued at $7,126,000 after acquiring an additional 9,241 shares in the last quarter. Corient Private Wealth LLC boosted its position in NICE by 93.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 2,566 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of NICE in the fourth quarter valued at $4,407,000. Finally, Apollon Wealth Management LLC bought a new stake in NICE during the 4th quarter worth approximately $807,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Trading Down 0.4 %

NICE traded down $0.81 during trading hours on Friday, reaching $180.99. 322,065 shares of the company’s stock traded hands, compared to its average volume of 505,211. The firm has a 50-day moving average price of $176.03 and a 200 day moving average price of $211.02. The firm has a market capitalization of $11.38 billion, a PE ratio of 32.67, a PEG ratio of 1.47 and a beta of 1.04. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company had revenue of $659.31 million for the quarter, compared to the consensus estimate of $654.81 million. As a group, sell-side analysts predict that NICE Ltd. will post 8.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NICE shares. Mizuho reduced their price objective on NICE from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Royal Bank of Canada decreased their target price on NICE from $265.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. William Blair restated an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. Rosenblatt Securities decreased their price objective on NICE from $285.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of NICE in a research report on Wednesday, June 12th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE currently has an average rating of “Buy” and an average target price of $269.64.

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.