Baird Financial Group Inc. Increases Position in NICE Ltd. (NASDAQ:NICE)

Baird Financial Group Inc. boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,059 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Baird Financial Group Inc.’s holdings in NICE were worth $1,029,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NICE. Unique Wealth LLC purchased a new stake in NICE during the 4th quarter valued at about $257,000. Tlwm boosted its holdings in NICE by 4.0% in the 4th quarter. Tlwm now owns 3,514 shares of the technology company’s stock valued at $597,000 after purchasing an additional 134 shares during the last quarter. CCLA Investment Management boosted its holdings in NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after purchasing an additional 87,003 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in NICE by 38.9% in the 4th quarter. Park Avenue Securities LLC now owns 10,132 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Kopion Asset Management LLC acquired a new position in NICE in the 4th quarter valued at about $7,433,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 1.7%

NICE stock opened at $166.82 on Wednesday. The firm has a market cap of $10.55 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $228.80. The company’s 50 day moving average is $152.88 and its two-hundred day moving average is $165.47.

NICE (NASDAQ:NICE) last released 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 business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. On average, equities research analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. 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 report on Thursday, April 24th. Morgan Stanley decreased their target price on shares of NICE from $235.00 to $202.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald decreased their price objective on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. DA Davidson decreased their price objective on shares of NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE 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.