157,856 Shares in NICE Ltd. (NASDAQ:NICE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of NICE Ltd. (NASDAQ:NICE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 157,856 shares of the technology company’s stock, valued at approximately $26,810,000. Raymond James Financial Inc. owned approximately 0.25% of NICE at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NICE. Avion Wealth purchased a new stake in shares of NICE during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after buying an additional 67 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NICE during the 3rd quarter valued at approximately $41,000. Finally, R Squared Ltd purchased a new position in NICE during the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Rosenblatt Securities cut their price target on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Northland Securities cut their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Finally, Royal Bank of Canada lowered their price objective on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, NICE presently has an average rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Trading Up 2.3 %

Shares of NASDAQ:NICE opened at $144.61 on Friday. NICE Ltd. has a 12-month low of $137.19 and a 12-month high of $270.73. The business’s fifty day simple moving average is $161.64 and its 200-day simple moving average is $170.48. The company has a market capitalization of $9.09 billion, a PE ratio of 21.39, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last announced its quarterly 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 net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. Research analysts predict that NICE Ltd. will post 9.85 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.