Virtu Financial LLC Has $1.68 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Virtu Financial LLC raised its stake in shares of NICE Ltd. (NASDAQ:NICE) by 54.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,751 shares of the technology company’s stock after buying an additional 3,456 shares during the period. Virtu Financial LLC’s holdings in NICE were worth $1,677,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. First Hawaiian Bank purchased a new stake in shares of NICE during the second quarter worth $516,000. Eagle Asset Management Inc. increased its holdings in NICE by 34.9% in the fourth quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock worth $7,126,000 after buying an additional 9,241 shares during the last quarter. Diversified Trust Co raised its position in NICE by 237.9% during the second quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 4,561 shares in the last quarter. Capital World Investors acquired a new stake in NICE in the first quarter valued at approximately $9,699,000. Finally, Corient Private Wealth LLC grew its position in NICE by 93.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock worth $1,061,000 after acquiring an additional 2,566 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Trading Up 0.8 %

Shares of NICE stock opened at $162.75 on Wednesday. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company’s fifty day simple moving average is $172.61 and its 200-day simple moving average is $198.36. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.31 and a beta of 1.04. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.13.

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

Wall Street Analysts Forecast Growth

NICE has been the topic of a number of recent research reports. Northland Securities cut their price target on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Barclays reduced their price target on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of NICE in a report on Wednesday, June 12th. Finally, Royal Bank of Canada increased their price target on NICE from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat.com, NICE has a consensus rating of “Buy” and an average 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.