AIA Group Ltd Takes $226,000 Position in NICE Ltd. (NASDAQ:NICE)

AIA Group Ltd purchased a new stake in NICE Ltd. (NASDAQ:NICE – Get Rating) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,031 shares of the technology company’s stock, valued at approximately $226,000.

Other institutional investors have also modified their holdings of the company. Prospera Financial Services Inc bought a new stake in shares of NICE in the 1st quarter valued at about $36,000. Loomis Sayles & Co. L P purchased a new position in shares of NICE in the 4th quarter valued at approximately $72,000. UMB Bank N A MO purchased a new position in shares of NICE in the 4th quarter valued at approximately $88,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of NICE in the 1st quarter valued at approximately $73,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of NICE in the 4th quarter valued at approximately $222,000. 70.48% of the stock is currently owned by institutional investors.

NICE Stock Performance

NICE opened at $221.06 on Friday. NICE Ltd. has a 12-month low of $179.13 and a 12-month high of $319.88. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.03 billion, a PE ratio of 73.69, a P/E/G ratio of 2.99 and a beta of 0.85. The firm has a 50 day moving average of $202.45 and a two-hundred day moving average of $215.18.

NICE (NASDAQ:NICE – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $527.43 million for the quarter, compared to analysts’ expectations of $510.64 million. NICE had a return on equity of 11.43% and a net margin of 10.10%. On average, analysts anticipate that NICE Ltd. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NICE shares. Royal Bank of Canada decreased their price objective on shares of NICE from $365.00 to $240.00 in a research report on Friday, May 13th. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 10th. Barclays decreased their price objective on shares of NICE from $356.00 to $283.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Morgan Stanley decreased their price objective on shares of NICE from $260.00 to $235.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, Jefferies Financial Group reduced their price target on shares of NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating and five have issued 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 $272.00.

NICE Company Profile

(Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that 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 connecting them using real time AI-based routing.