Moors & Cabot Inc. Raises Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Moors & Cabot Inc. grew its stake in NICE Ltd. (NASDAQ:NICE) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,851 shares of the technology company’s stock after buying an additional 169 shares during the period. Moors & Cabot Inc.’s holdings in NICE were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NICE. Atria Investments Inc purchased a new stake in NICE in the third quarter worth about $215,000. Oppenheimer & Co. Inc. increased its position in NICE by 15.6% in the third quarter. Oppenheimer & Co. Inc. now owns 18,593 shares of the technology company’s stock worth $3,229,000 after buying an additional 2,507 shares in the last quarter. Natixis Advisors LLC purchased a new stake in NICE in the third quarter worth about $1,805,000. GLOBALT Investments LLC GA increased its position in NICE by 2.1% in the third quarter. GLOBALT Investments LLC GA now owns 7,333 shares of the technology company’s stock worth $1,274,000 after buying an additional 154 shares in the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of NICE by 33.6% during the third quarter. Pathstone Holdings LLC now owns 8,992 shares of the technology company’s stock worth $1,562,000 after purchasing an additional 2,260 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

NASDAQ:NICE opened at $144.61 on Friday. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $270.73. The business has a 50 day simple moving average of $161.13 and a 200-day simple moving average of $170.15.

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

Analysts Set New Price Targets

NICE has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Cantor Fitzgerald cut their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Rosenblatt Securities cut their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.64.

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.