Bogart Wealth LLC Invests $5.76 Million in NICE Ltd. (NASDAQ:NICE)

Bogart Wealth LLC acquired a new stake in shares of NICE Ltd. (NASDAQ:NICE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,150 shares of the technology company’s stock, valued at approximately $5,757,000. Bogart Wealth LLC owned 0.05% of NICE at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors grew its holdings in NICE by 4.0% during the first quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock valued at $1,350,367,000 after purchasing an additional 201,035 shares during the period. William Blair Investment Management LLC lifted its position in shares of NICE by 12.3% during the 1st quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after buying an additional 149,149 shares in the last quarter. Black Creek Investment Management Inc. grew its stake in shares of NICE by 22.6% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after acquiring an additional 250,334 shares during the period. Vulcan Value Partners LLC increased its holdings in NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after acquiring an additional 394,715 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in NICE by 12.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock worth $181,693,000 after acquiring an additional 117,749 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NICE has been the subject of a number of recent analyst reports. Northland Securities dropped their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Piper Sandler dropped their target price on shares of NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Barclays cut their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NICE currently has an average rating of “Buy” and a consensus price target of $269.64.

NICE Price Performance

Shares of NASDAQ:NICE traded up $1.50 on Thursday, reaching $177.00. The company’s stock had a trading volume of 150,358 shares, compared to its average volume of 508,496. The company has a 50-day simple moving average of $170.81 and a 200 day simple moving average of $184.09. 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 $11.13 billion, a P/E ratio of 31.96, a PEG ratio of 1.34 and a beta of 1.05. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same quarter last year, the business posted $1.63 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that NICE Ltd. will post 8.5 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.