Bogart Wealth LLC Invests $5.76 Million in NICE Ltd. (NASDAQ:NICE)

Bogart Wealth LLC purchased a new position in shares of NICE Ltd. (NASDAQ:NICE) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 33,150 shares of the technology company’s stock, valued at approximately $5,757,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC boosted its position in shares of NICE by 90.8% during the first quarter. Janiczek Wealth Management LLC now owns 475 shares of the technology company’s stock valued at $124,000 after buying an additional 226 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in NICE by 44.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,968 shares of the technology company’s stock valued at $1,034,000 after acquiring an additional 1,212 shares during the period. LVW Advisors LLC bought a new position in NICE in the 1st quarter valued at $265,000. Diversified Trust Co increased its stake in NICE by 85.9% in the first quarter. Diversified Trust Co now owns 1,917 shares of the technology company’s stock worth $500,000 after purchasing an additional 886 shares during the period. Finally, E&G Advisors LP bought a new stake in shares of NICE during the first quarter worth $276,000. 63.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NICE has been the subject of several research reports. Northland Securities lowered their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Thursday, October 3rd. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Friday, August 16th. Finally, Wedbush reissued an “outperform” rating and set a $250.00 price target on shares of NICE in a research report on Friday, August 16th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $269.64.

NICE Stock Up 0.9 %

NASDAQ:NICE traded up $1.50 during midday trading on Thursday, reaching $177.00. 150,358 shares of the stock traded hands, compared to its average volume of 508,496. The stock has a market capitalization of $11.13 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The business has a 50-day moving average of $170.81 and a two-hundred day moving average of $184.09.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

About NICE

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.