EverSource Wealth Advisors LLC Sells 202 Shares of NICE Ltd. (NASDAQ:NICE)

EverSource Wealth Advisors LLC decreased its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 44.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248 shares of the technology company’s stock after selling 202 shares during the period. EverSource Wealth Advisors LLC’s holdings in NICE were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NICE. Richardson Financial Services Inc. bought a new position in NICE during the 1st quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC raised its position in shares of NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of NICE by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 199 shares of the technology company’s stock worth $52,000 after purchasing an additional 63 shares during the last quarter. GAMMA Investing LLC grew its position in NICE by 72.1% during the 1st quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock valued at $55,000 after purchasing an additional 88 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in NICE by 72.4% during the 1st quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock valued at $57,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Stock Up 1.5 %

NICE stock opened at $171.44 on Friday. The business’s 50-day moving average price is $171.01 and its 200-day moving average price is $194.01. The stock has a market cap of $10.78 billion, a P/E ratio of 30.95, a PEG ratio of 1.35 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73.

NICE (NASDAQ:NICE) last issued 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. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. On average, equities research analysts forecast that NICE Ltd. will post 8.5 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on NICE. Barclays lowered their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. William Blair reissued an “outperform” rating on shares of NICE in a research report on Wednesday, June 12th. Northland Securities lowered their target price on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th. Finally, Royal Bank of Canada lifted their price target on shares of NICE from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $269.64.

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.