Global Retirement Partners LLC Has $258,000 Holdings in NICE Ltd. (NASDAQ:NICE)

Global Retirement Partners LLC increased its position in NICE Ltd. (NASDAQ:NICE) by 48.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,522 shares of the technology company’s stock after purchasing an additional 499 shares during the period. Global Retirement Partners LLC’s holdings in NICE were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NICE. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after purchasing an additional 279,375 shares in the last quarter. Perpetual Ltd purchased a new stake in NICE in the 4th quarter worth about $31,792,000. World Investment Advisors LLC purchased a new stake in NICE in the 3rd quarter worth about $24,547,000. Bruni J V & Co. Co. purchased a new position in NICE during the 3rd quarter valued at about $22,849,000. Finally, Swedbank AB increased its holdings in shares of NICE by 201.7% in the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock valued at $24,470,000 after purchasing an additional 94,200 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

NICE stock opened at $160.99 on Tuesday. The company has a 50-day moving average of $169.57 and a two-hundred day moving average of $172.93. NICE Ltd. has a 52-week low of $147.38 and a 52-week high of $270.73. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last issued its quarterly 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 return on equity of 16.17% and a net margin of 16.18%. The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. Equities analysts expect that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Northland Securities decreased their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. DA Davidson decreased their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Cantor Fitzgerald cut their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday. Finally, StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

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.