QRG Capital Management Inc. Has $738,000 Position in NICE Ltd. (NASDAQ:NICE)

QRG Capital Management Inc. grew its stake in NICE Ltd. (NASDAQ:NICE) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,347 shares of the technology company’s stock after buying an additional 527 shares during the period. QRG Capital Management Inc.’s holdings in NICE were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in NICE during the 4th quarter worth approximately $5,106,000. Rothschild Investment LLC raised its stake in NICE by 18.5% during the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after buying an additional 80 shares during the last quarter. IFP Advisors Inc raised its stake in NICE by 116.4% during the fourth quarter. IFP Advisors Inc now owns 370 shares of the technology company’s stock worth $63,000 after buying an additional 199 shares during the last quarter. Tradewinds Capital Management LLC bought a new stake in NICE during the fourth quarter valued at $25,000. Finally, VisionPoint Advisory Group LLC grew its holdings in NICE by 285.8% during the 4th quarter. VisionPoint Advisory Group LLC now owns 16,469 shares of the technology company’s stock worth $2,793,000 after acquiring an additional 12,200 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Price Performance

NICE opened at $144.62 on Wednesday. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.07 and a beta of 1.06. The firm’s fifty day moving average price is $166.02 and its two-hundred day moving average price is $172.27.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, equities analysts anticipate that NICE Ltd. will post 9.85 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on NICE. Royal Bank of Canada cut their target price on NICE from $260.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Cantor Fitzgerald lowered their price objective on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and an average price target of $231.64.

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.