Leslie Global Wealth LLC Buys Shares of 2,099 NICE Ltd. (NASDAQ:NICE)

Leslie Global Wealth LLC bought a new stake in shares of NICE Ltd. (NASDAQ:NICE) during the 3rd quarter, Holdings Channel.com reports. The fund bought 2,099 shares of the technology company’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vulcan Value Partners LLC boosted its position in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock worth $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of NICE by 63.2% in the 2nd quarter. Acadian Asset Management LLC now owns 694,050 shares of the technology company’s stock worth $119,317,000 after purchasing an additional 268,677 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of NICE in the 2nd quarter worth $44,076,000. Black Creek Investment Management Inc. boosted its position in shares of NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock worth $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of NICE by 4.0% in the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock worth $1,350,367,000 after purchasing an additional 201,035 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ NICE opened at $171.50 on Wednesday. The stock has a 50-day simple moving average of $170.14 and a two-hundred day simple moving average of $179.95. The firm has a market capitalization of $10.78 billion, a P/E ratio of 28.63, a PEG ratio of 1.39 and a beta of 1.04. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same quarter in the previous year, the business earned $1.63 EPS. NICE’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NICE shares. Barclays lowered their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. JMP Securities restated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of NICE in a research note on Tuesday, August 13th. Northland Securities reduced their target price on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $269.64.

NICE Company 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.