Boston Partners Boosts Stock Holdings in NiCE $NICE

Boston Partners grew its holdings in NiCE (NASDAQ:NICE) by 40.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 537,049 shares of the technology company’s stock after purchasing an additional 155,383 shares during the period. Boston Partners owned approximately 0.85% of NiCE worth $90,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in NiCE during the 2nd quarter valued at $338,000. Allworth Financial LP raised its stake in shares of NiCE by 285.8% during the 2nd quarter. Allworth Financial LP now owns 868 shares of the technology company’s stock valued at $147,000 after purchasing an additional 643 shares during the period. ProShare Advisors LLC raised its stake in shares of NiCE by 8.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,831 shares of the technology company’s stock valued at $309,000 after purchasing an additional 138 shares during the period. Martin Investment Management LLC lifted its holdings in NiCE by 12.1% during the 2nd quarter. Martin Investment Management LLC now owns 125,179 shares of the technology company’s stock worth $21,144,000 after purchasing an additional 13,475 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in NiCE by 0.7% in the 2nd quarter. Acadian Asset Management LLC now owns 178,343 shares of the technology company’s stock worth $30,098,000 after purchasing an additional 1,278 shares during the period. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NICE has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NiCE in a research report on Tuesday, August 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $152.00 target price on shares of NiCE in a report on Sunday, October 12th. Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson decreased their price target on shares of NiCE from $195.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of NiCE in a research report on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.25.

NiCE Trading Down 1.2%

Shares of NASDAQ NICE opened at $124.26 on Thursday. The stock’s 50-day moving average is $137.65 and its 200 day moving average is $151.24. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.16 and a beta of 0.98. NiCE has a 1-year low of $122.94 and a 1-year high of $200.65.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to analysts’ expectations of $713.18 million. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $2.64 earnings per share. On average, analysts forecast that NiCE will post 9.85 EPS for the current fiscal year.

About NiCE

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 enables 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.