Virtu Financial LLC Acquires 1,763 Shares of NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC grew its stake in NICE Ltd. (NASDAQ:NICE) by 65.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,462 shares of the technology company’s stock after purchasing an additional 1,763 shares during the quarter. Virtu Financial LLC’s holdings in NICE were worth $890,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management grew its position in shares of NICE by 7.5% in the fourth quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after purchasing an additional 51 shares during the last quarter. Pacer Advisors Inc. increased its position in NICE by 11.1% during the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock worth $120,000 after buying an additional 60 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after buying an additional 64 shares in the last quarter. Mendota Financial Group LLC boosted its position in shares of NICE by 9.0% in the fourth quarter. Mendota Financial Group LLC now owns 790 shares of the technology company’s stock valued at $158,000 after acquiring an additional 65 shares during the period. Finally, Diversified Trust Co grew its stake in shares of NICE by 2.3% in the third quarter. Diversified Trust Co now owns 2,988 shares of the technology company’s stock valued at $508,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NICE shares. Morgan Stanley cut their price objective on shares of NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a report on Friday. Citigroup upped their target price on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research report on Wednesday. Finally, Oppenheimer raised their target price on shares of NICE from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE presently has an average rating of “Buy” and an average target price of $276.62.

NICE Price Performance

Shares of NASDAQ:NICE traded down $0.25 during trading on Friday, hitting $167.90. 662,480 shares of the company were exchanged, compared to its average volume of 970,242. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73. The company has a market capitalization of $10.56 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. The business’s 50 day moving average is $208.17 and its 200-day moving average is $216.57.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.13. The business had revenue of $659.31 million during the quarter, compared to analysts’ expectations of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. Equities analysts forecast that NICE Ltd. will post 8.4 earnings per share for the current year.

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.