Gladstone Institutional Advisory LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Gladstone Institutional Advisory LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,155 shares of the technology company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel lifted its position in NICE by 5,255.0% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 6,426 shares of the technology company’s stock worth $1,282,000 after acquiring an additional 6,306 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in NICE during the fourth quarter worth about $807,000. Wolverine Asset Management LLC acquired a new stake in shares of NICE in the fourth quarter valued at $1,355,000. TimesSquare Capital Management LLC boosted its position in NICE by 2.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company’s stock valued at $62,888,000 after buying an additional 9,053 shares during the last quarter. Finally, Shelton Capital Management increased its position in NICE by 274.5% in the third quarter. Shelton Capital Management now owns 6,685 shares of the technology company’s stock worth $1,136,000 after purchasing an additional 4,900 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NICE traded down $0.44 during trading hours on Friday, reaching $189.66. The company’s stock had a trading volume of 389,461 shares, compared to its average volume of 667,309. The firm has a market cap of $11.92 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04. 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 company’s 50-day moving average is $231.18 and its 200-day moving average is $217.19. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.92% and a return on equity of 14.05%. The business had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. During the same period last year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that NICE Ltd. will post 8.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NICE. TheStreet raised NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Oppenheimer increased their price objective on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Wedbush lifted their price objective on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Citigroup increased their target price on shares of NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, StockNews.com raised shares of NICE from a “hold” rating to a “buy” rating in a research report on Thursday. Fifteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $285.92.

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.