Cromwell Holdings LLC Buys 151 Shares of NICE Ltd. (NASDAQ:NICE)

Cromwell Holdings LLC lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 83.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332 shares of the technology company’s stock after acquiring an additional 151 shares during the period. Cromwell Holdings LLC’s holdings in NICE were worth $56,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NICE. Creative Planning boosted its holdings in NICE by 2.9% during the third quarter. Creative Planning now owns 7,608 shares of the technology company’s stock worth $1,321,000 after purchasing an additional 217 shares during the last quarter. Blue Trust Inc. boosted its holdings in NICE by 19.2% during the third quarter. Blue Trust Inc. now owns 1,016 shares of the technology company’s stock worth $175,000 after purchasing an additional 164 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in NICE by 52.2% during the third quarter. Sequoia Financial Advisors LLC now owns 1,829 shares of the technology company’s stock worth $318,000 after purchasing an additional 627 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in NICE during the third quarter worth $3,348,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NICE shares. Cantor Fitzgerald started coverage on shares of NICE in a report on Friday, January 17th. They set a “neutral” rating and a $176.00 target price for the company. Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Citigroup cut their price target on shares of NICE from $315.00 to $279.00 and set a “buy” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $250.27.

NICE Stock Performance

NASDAQ NICE opened at $153.59 on Friday. The firm has a 50-day moving average of $170.71 and a 200-day moving average of $173.01. The stock has a market cap of $9.66 billion, a PE ratio of 23.78, a P/E/G ratio of 1.25 and a beta of 1.06. NICE Ltd. has a 52-week low of $147.38 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, February 27th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 15.31% and a net margin of 16.11%. As a group, analysts predict that NICE Ltd. will post 8.82 EPS for the current fiscal year.

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.