Hara Capital LLC Makes New Investment in NICE Ltd. (NASDAQ:NICE)

Hara Capital LLC acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) during the 3rd quarter, Holdings Channel reports. The fund acquired 730 shares of the technology company’s stock, valued at approximately $127,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Leslie Global Wealth LLC purchased a new position in NICE during the third quarter worth about $365,000. Asset Management One Co. Ltd. grew its holdings in NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after buying an additional 5,629 shares during the period. Harvey Capital Management Inc. acquired a new position in shares of NICE during the 3rd quarter valued at about $2,604,000. Van ECK Associates Corp lifted its holdings in shares of NICE by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 21,766 shares of the technology company’s stock worth $3,820,000 after acquiring an additional 337 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 1.5 %

NICE traded up $2.67 during trading on Thursday, hitting $177.95. The company had a trading volume of 117,740 shares, compared to its average volume of 501,540. NICE Ltd. has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $11.19 billion, a PE ratio of 29.26, a P/E/G ratio of 1.37 and a beta of 1.04. The business has a 50-day moving average of $170.15 and a 200-day moving average of $179.92.

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

Analyst Ratings Changes

A number of brokerages have weighed in on NICE. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a report on Thursday, October 3rd. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of NICE in a report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and set a $300.00 target price on shares of NICE in a report on Friday, August 16th. Finally, Piper Sandler reduced their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE has an average rating of “Buy” and an average target price 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.