Csenge Advisory Group Has $587,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Csenge Advisory Group increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 119.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,252 shares of the technology company’s stock after purchasing an additional 1,225 shares during the quarter. Csenge Advisory Group’s holdings in NICE were worth $587,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NICE. Global Retirement Partners LLC increased its position in NICE by 8.1% in the 1st quarter. Global Retirement Partners LLC now owns 590 shares of the technology company’s stock valued at $154,000 after acquiring an additional 44 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of NICE by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company’s stock valued at $315,000 after purchasing an additional 47 shares during the last quarter. Spire Wealth Management boosted its stake in shares of NICE by 7.5% in the 4th quarter. Spire Wealth Management now owns 728 shares of the technology company’s stock valued at $154,000 after purchasing an additional 51 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of NICE by 11.1% in the 4th quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after purchasing an additional 60 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of NICE by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock valued at $52,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Wednesday, June 12th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of NICE in a research note on Wednesday, June 12th. Bank of America reduced their price objective on shares of NICE from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Northland Securities reissued an “outperform” rating and set a $305.00 price objective on shares of NICE in a research note on Thursday, June 13th. Finally, Mizuho reduced their price objective on shares of NICE from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $272.07.

NICE Stock Performance

Shares of NASDAQ:NICE traded down $0.18 on Thursday, hitting $171.38. The company had a trading volume of 275,265 shares, compared to its average volume of 508,402. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.41 and a beta of 1.04. The stock has a 50 day moving average price of $185.56 and a 200 day moving average price of $212.76. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $659.31 million for the quarter, compared to the consensus estimate of $654.81 million. Analysts expect that NICE Ltd. will post 8.4 EPS 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.