Ceera Investments LLC Takes Position in NICE Ltd. (NASDAQ:NICE)

Ceera Investments LLC purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,219 shares of the technology company’s stock, valued at approximately $4,963,000. NICE comprises about 1.7% of Ceera Investments LLC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Avion Wealth acquired a new stake in NICE during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NICE during the 3rd quarter worth approximately $41,000. Finally, R Squared Ltd acquired a new stake in NICE during the 4th quarter worth approximately $51,000. 63.34% of the stock is owned by institutional investors and hedge funds.

NICE Stock Up 2.2 %

Shares of NICE opened at $149.80 on Friday. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $270.73. The business has a 50-day simple moving average of $163.80 and a two-hundred day simple moving average of $171.40. The stock has a market cap of $9.42 billion, a PE ratio of 22.16, a PEG ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. On average, equities research analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays dropped their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Citigroup dropped their price objective on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Northland Securities dropped their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NICE currently has a consensus rating of “Moderate Buy” and a consensus 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.