Dynasty Wealth Management LLC Purchases 594 Shares of NICE Ltd. (NASDAQ:NICE)

Dynasty Wealth Management LLC increased its holdings in NICE Ltd. (NASDAQ:NICE) by 23.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,143 shares of the technology company’s stock after acquiring an additional 594 shares during the quarter. Dynasty Wealth Management LLC’s holdings in NICE were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Bruni J V & Co. Co. bought a new position in shares of NICE during the third quarter valued at approximately $22,849,000. Asset Management One Co. Ltd. increased its stake in shares of NICE by 13.5% during the third quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock valued at $8,200,000 after purchasing an additional 5,629 shares in the last quarter. Clear Creek Financial Management LLC increased its position in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares in the last quarter. Sanctuary Advisors LLC increased its position in NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after buying an additional 4,407 shares in the last quarter. Finally, Kopion Asset Management LLC bought a new position in NICE during the 4th quarter valued at approximately $7,433,000. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Down 2.7 %

NICE stock opened at $139.18 on Friday. The business has a 50-day simple moving average of $166.68 and a two-hundred day simple moving average of $172.38. The company 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 Ltd. has a 52-week low of $137.65 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million for 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%. Research analysts anticipate that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NICE shares. Royal Bank of Canada reduced their price target on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Rosenblatt Securities reduced their price target 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. Finally, Barclays reduced their price target on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

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.