NICE Ltd. (NASDAQ:NICE) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC grew its position in shares of NICE Ltd. (NASDAQ:NICE) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,751 shares of the technology company’s stock after acquiring an additional 3,456 shares during the quarter. Virtu Financial LLC’s holdings in NICE were worth $1,677,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Hawaiian Bank acquired a new stake in NICE in the 2nd quarter valued at approximately $516,000. Eagle Asset Management Inc. increased its holdings in shares of NICE by 34.9% during the fourth quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock valued at $7,126,000 after purchasing an additional 9,241 shares during the period. Diversified Trust Co raised its stake in shares of NICE by 237.9% during the second quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock valued at $1,114,000 after purchasing an additional 4,561 shares in the last quarter. Capital World Investors acquired a new stake in NICE in the first quarter worth about $9,699,000. Finally, Corient Private Wealth LLC lifted its holdings in NICE by 93.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 2,566 shares during the period. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NICE shares. Piper Sandler dropped their price target on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Barclays dropped their target price on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Citigroup increased their price target on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. William Blair reissued an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. Finally, Northland Securities cut their price objective on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $269.64.

NICE Stock Performance

Shares of NICE opened at $162.75 on Wednesday. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The company has a 50-day moving average of $172.61 and a two-hundred day moving average of $198.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.31 and a beta of 1.04.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping 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 net margin of 15.55% and a return on equity of 14.68%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. On average, equities research analysts expect that NICE Ltd. will post 8.5 earnings per share for the current year.

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.