Clear Creek Financial Management LLC Makes New $353,000 Investment in NICE Ltd. (NASDAQ:NICE)

Clear Creek Financial Management LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,050 shares of the technology company’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NICE. GAMMA Investing LLC bought a new stake in NICE during the 4th quarter valued at approximately $25,000. Lindbrook Capital LLC boosted its position in shares of NICE by 88.9% during the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after purchasing an additional 64 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in NICE in the first quarter worth $39,000. UMB Bank n.a. raised its holdings in NICE by 72.4% in the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after purchasing an additional 92 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in NICE during the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

Shares of NICE traded up $2.13 during mid-day trading on Friday, hitting $178.26. 216,257 shares of the company traded hands, compared to its average volume of 518,913. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a 50-day moving average price of $172.49 and a two-hundred day moving average price of $205.57. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. Equities analysts anticipate that NICE Ltd. will post 8.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of NICE in a report on Friday, August 16th. Morgan Stanley cut their price target on NICE from $290.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of NICE in a research report on Wednesday, June 12th. Sixteen equities 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 $269.64.

About NICE

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.