NICE Ltd. (NASDAQ:NICE) Shares Bought by Oak Family Advisors LLC

Oak Family Advisors LLC lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 124.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,363 shares of the technology company’s stock after acquiring an additional 11,301 shares during the period. NICE accounts for approximately 1.2% of Oak Family Advisors LLC’s portfolio, making the stock its 28th biggest holding. Oak Family Advisors LLC’s holdings in NICE were worth $3,502,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Psagot Value Holdings Ltd. Israel raised its holdings in shares of NICE by 5,255.0% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock worth $1,282,000 after purchasing an additional 6,306 shares during the period. First Hawaiian Bank bought a new stake in NICE during the 2nd quarter valued at $516,000. Eagle Asset Management Inc. raised its stake in shares of NICE by 34.9% in the 4th quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock worth $7,126,000 after buying an additional 9,241 shares in the last quarter. Diversified Trust Co grew its holdings in shares of NICE by 237.9% in the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 4,561 shares during the last quarter. Finally, Capital World Investors purchased a new position in shares of NICE during the first quarter valued at $9,699,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Bank of America cut their price target on NICE from $300.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 17th. Jefferies Financial Group dropped their target price on NICE from $280.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 17th. Morgan Stanley dropped their target price on NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price target on shares of NICE in a report on Friday, August 16th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $269.64.

NICE Stock Down 1.6 %

NASDAQ:NICE traded down $2.89 on Thursday, hitting $176.13. The stock had a trading volume of 285,694 shares, compared to its average volume of 520,781. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market cap of $11.07 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The firm’s fifty day simple moving average is $172.12 and its two-hundred day simple moving average is $206.07.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same period last year, the firm earned $1.63 EPS. NICE’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts predict that NICE Ltd. will post 8.4 earnings per share for the current year.

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.