Guggenheim Capital LLC Buys 1,164 Shares of NICE Ltd. (NASDAQ:NICE)

Guggenheim Capital LLC grew its stake in NICE Ltd. (NASDAQ:NICE) by 90.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,449 shares of the technology company’s stock after purchasing an additional 1,164 shares during the quarter. Guggenheim Capital LLC’s holdings in NICE were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NICE. Financial Perspectives Inc raised its holdings in NICE by 11.6% in the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after acquiring an additional 66 shares during the period. Richardson Financial Services Inc. increased its stake in shares of NICE by 43.8% during the fourth 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 period. Dorsey & Whitney Trust CO LLC increased its stake in shares of NICE by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after purchasing an additional 77 shares during the period. Berry Wealth Group LP lifted its holdings in NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after purchasing an additional 80 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in NICE by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Trading Up 0.3 %

NICE opened at $155.01 on Friday. The company’s 50 day moving average is $150.70 and its 200-day moving average is $166.80. The company has a market cap of $9.75 billion, a P/E ratio of 22.93, a PEG ratio of 1.07 and a beta of 1.05. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $229.33.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. On average, equities analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of research reports. Morgan Stanley dropped their target price on NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. DA Davidson dropped their price objective on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Rosenblatt Securities decreased their target price on shares of NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday. Cantor Fitzgerald dropped their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $224.29.

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.