Q Global Advisors LLC Buys Shares of 18,315 NICE Ltd. (NASDAQ:NICE)

Q Global Advisors LLC bought a new stake in NICE Ltd. (NASDAQ:NICE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,315 shares of the technology company’s stock, valued at approximately $3,181,000. NICE makes up 2.5% of Q Global Advisors LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Avion Wealth acquired a new stake in shares of NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the 4th quarter valued at $25,000. Richardson Financial Services Inc. boosted its holdings in shares of 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 acquiring an additional 67 shares in the last quarter. Sandy Spring Bank boosted its holdings in shares of NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock valued at $38,000 after acquiring an additional 145 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NICE during the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NICE. Rosenblatt Securities cut their target price on NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Wednesday. Citigroup cut their target price on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Cantor Fitzgerald cut their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Barclays lowered their price objective on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, NICE has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Price Performance

Shares of NICE stock opened at $154.00 on Friday. NICE Ltd. has a one year low of $137.19 and a one year high of $270.73. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.07 and a beta of 1.12. The business has a 50-day simple moving average of $159.93 and a 200 day simple moving average of $169.56.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 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 firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, sell-side analysts expect 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.