Y.D. More Investments Ltd Buys 709 Shares of NICE Ltd. (NASDAQ:NICE)

Y.D. More Investments Ltd boosted its position in NICE Ltd. (NASDAQ:NICE) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,756 shares of the technology company’s stock after purchasing an additional 709 shares during the quarter. NICE makes up approximately 1.0% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 28th largest holding. Y.D. More Investments Ltd’s holdings in NICE were worth $4,939,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in NICE in the fourth quarter worth $25,000. Lindbrook Capital LLC grew its stake in NICE by 88.9% during the 4th quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock worth $27,000 after buying an additional 64 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in NICE during the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in NICE in the third quarter worth about $37,000. Finally, Private Trust Co. NA increased its holdings in shares of NICE by 40.1% during the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock valued at $75,000 after acquiring an additional 108 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NICE. Mizuho boosted their target price on shares of NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. DA Davidson raised shares of NICE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, March 13th. Rosenblatt Securities started coverage on NICE in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $285.00 target price for the company. Royal Bank of Canada boosted their price target on NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, TheStreet raised NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE currently has a consensus rating of “Buy” and a consensus target price of $291.00.

NICE Stock Performance

NICE stock traded down $2.57 during trading on Wednesday, hitting $220.94. 313,217 shares of the company traded hands, compared to its average volume of 349,746. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a market cap of $13.89 billion, a PE ratio of 43.78, a P/E/G ratio of 2.03 and a beta of 1.02. The stock’s 50-day simple moving average is $241.49 and its 200 day simple moving average is $211.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. During the same quarter last year, the company earned $1.40 EPS. The business’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that NICE Ltd. will post 8.21 earnings per share for the current fiscal 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.