Bruni J V & Co. Co. Has $31.16 Million Position in NICE Ltd. (NASDAQ:NICE)

Bruni J V & Co. Co. grew its position in NICE Ltd. (NASDAQ:NICE) by 39.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 183,475 shares of the technology company’s stock after purchasing an additional 51,907 shares during the quarter. NICE comprises 3.5% of Bruni J V & Co. Co.’s portfolio, making the stock its 11th biggest holding. Bruni J V & Co. Co.’s holdings in NICE were worth $31,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NICE. Dynasty Wealth Management LLC increased its position in NICE by 23.3% during the 4th quarter. Dynasty Wealth Management LLC now owns 3,143 shares of the technology company’s stock worth $534,000 after purchasing an additional 594 shares in the last quarter. QRG Capital Management Inc. increased its position in NICE by 13.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,347 shares of the technology company’s stock worth $738,000 after purchasing an additional 527 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in NICE during the 4th quarter worth approximately $5,106,000. Rothschild Investment LLC increased its position in NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after purchasing an additional 80 shares in the last quarter. Finally, IFP Advisors Inc increased its position in NICE by 116.4% during the 4th quarter. IFP Advisors Inc now owns 370 shares of the technology company’s stock worth $63,000 after purchasing an additional 199 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NICE shares. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Rosenblatt Securities lowered their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Cantor Fitzgerald reduced their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Citigroup reduced their target price on shares of NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Performance

NASDAQ:NICE opened at $139.18 on Friday. The firm’s fifty day moving average is $166.68 and its 200-day moving average is $172.38. NICE Ltd. has a 52 week low of $137.65 and a 52 week high of $270.73. The firm has a market cap of $8.75 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, sell-side analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current year.

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.