Berry Wealth Group LP Buys 225 Shares of NICE Ltd. (NASDAQ:NICE)

Berry Wealth Group LP raised its stake in NICE Ltd. (NASDAQ:NICE) by 17.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,536 shares of the technology company’s stock after buying an additional 225 shares during the period. Berry Wealth Group LP’s holdings in NICE were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vulcan Value Partners LLC raised its position in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after acquiring an additional 394,715 shares during the period. Acadian Asset Management LLC increased its stake in NICE by 63.2% in the second quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock valued at $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new stake in NICE in the second quarter worth $44,076,000. Black Creek Investment Management Inc. boosted its position in shares of NICE by 22.6% during the second quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of NICE by 4.0% in the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock valued at $1,350,367,000 after buying an additional 201,035 shares during the period. Institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Northland Securities decreased their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Thursday, October 3rd. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $269.64.

NICE Stock Up 0.1 %

NICE traded up $0.12 on Monday, hitting $179.83. 228,754 shares of the company were exchanged, compared to its average volume of 509,779. The stock’s fifty day moving average is $169.82 and its 200-day moving average is $185.59. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $11.31 billion, a PE ratio of 32.45, a PEG ratio of 1.34 and a beta of 1.05.

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

NICE Company 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.