NICE Ltd. (NASDAQ:NICE) Stock Position Increased by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. increased its stake in NICE Ltd. (NASDAQ:NICE) by 22.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,356,775 shares of the technology company’s stock after buying an additional 250,334 shares during the quarter. NICE comprises approximately 8.7% of Black Creek Investment Management Inc.’s holdings, making the stock its 6th largest holding. Black Creek Investment Management Inc. owned approximately 2.16% of NICE worth $233,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Perspectives Inc raised its stake in shares of NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock valued at $98,000 after acquiring an additional 86 shares during the period. Federated Hermes Inc. raised its position in NICE by 12.8% in the 2nd quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company’s stock worth $3,209,000 after purchasing an additional 2,124 shares during the period. Oppenheimer & Co. Inc. lifted its stake in NICE by 271.4% in the second quarter. Oppenheimer & Co. Inc. now owns 16,086 shares of the technology company’s stock worth $2,766,000 after purchasing an additional 11,755 shares during the last quarter. American Century Companies Inc. boosted its position in shares of NICE by 6.8% during the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company’s stock valued at $786,000 after buying an additional 289 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of NICE by 2,352.0% during the second quarter. Headlands Technologies LLC now owns 26,261 shares of the technology company’s stock valued at $4,516,000 after buying an additional 25,190 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Stock Performance

Shares of NICE stock opened at $164.93 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13. The company has a market cap of $10.37 billion, a PE ratio of 29.77, a PEG ratio of 1.31 and a beta of 1.04. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The business’s fifty day simple moving average is $172.85 and its 200-day simple moving average is $198.95.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) 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 the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. Analysts expect that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NICE has been the subject of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of NICE in a report on Wednesday, June 12th. Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Friday, August 16th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE currently has a consensus rating of “Buy” and an average target price of $269.64.

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.