Boston Partners Buys 10,088 Shares of NICE Ltd. (NASDAQ:NICE)

Boston Partners lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 891,244 shares of the technology company’s stock after acquiring an additional 10,088 shares during the quarter. Boston Partners owned approximately 1.42% of NICE worth $231,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of NICE during the fourth quarter worth about $25,000. Lindbrook Capital LLC increased its holdings in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in NICE in the first quarter worth approximately $39,000. UMB Bank n.a. increased its holdings in NICE by 72.4% in the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after purchasing an additional 92 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in NICE in the fourth quarter worth approximately $64,000. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

NICE stock traded down $4.97 during midday trading on Friday, hitting $171.76. The company’s stock had a trading volume of 304,627 shares, compared to its average volume of 438,568. The stock’s 50-day moving average price is $174.28 and its 200 day moving average price is $209.92. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. 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 $10.80 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $659.31 million for the quarter, compared to analysts’ expectations of $654.81 million. On average, equities analysts forecast that NICE Ltd. will post 8.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NICE shares. Barclays lowered their target price on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Rosenblatt Securities lowered their target price on NICE from $285.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th. Finally, Royal Bank of Canada reduced their price objective on NICE from $265.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $269.64.

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.