NICE Ltd. (NASDAQ:NICE) Shares Acquired by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,821 shares of the technology company’s stock after acquiring an additional 4,080 shares during the quarter. Osborne Partners Capital Management LLC owned 0.11% of NICE worth $11,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NICE. Richardson Financial Services Inc. purchased a new position in shares of NICE during the 1st quarter valued at about $39,000. Allspring Global Investments Holdings LLC boosted its holdings in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of NICE during the third quarter worth approximately $38,000. GAMMA Investing LLC boosted its position in NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of NICE during the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NICE. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of NICE in a research note on Tuesday, August 13th. Northland Securities decreased their target price on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a research report on Thursday, October 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Friday, August 16th. Finally, Barclays lowered their target price on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $269.64.

NICE Price Performance

Shares of NASDAQ:NICE opened at $174.33 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $170.82 and a 200 day moving average price of $183.57. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.44 and a beta of 1.05. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last issued its 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. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. Research analysts predict that NICE Ltd. will post 8.5 earnings per share for the current 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.