Berry Wealth Group LP Purchases 225 Shares of NICE Ltd. (NASDAQ:NICE)

Berry Wealth Group LP boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,536 shares of the technology company’s stock after acquiring an additional 225 shares during the period. Berry Wealth Group LP’s holdings in NICE were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NICE. GAMMA Investing LLC boosted its stake 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 period. Park Avenue Securities LLC increased its position in NICE by 263.8% during the first quarter. Park Avenue Securities LLC now owns 5,224 shares of the technology company’s stock worth $1,361,000 after acquiring an additional 3,788 shares during the period. Cooper Financial Group acquired a new position in NICE during the 1st quarter valued at $465,000. Janiczek Wealth Management LLC raised its stake in NICE by 90.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 475 shares of the technology company’s stock valued at $124,000 after purchasing an additional 226 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in NICE by 44.0% in 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 purchasing an additional 1,212 shares during the period. 63.34% of the stock is currently owned by institutional investors.

NICE Price Performance

Shares of NASDAQ:NICE traded up $0.12 during trading on Monday, reaching $179.83. The stock had a trading volume of 228,754 shares, compared to its average volume of 509,779. The stock has a market capitalization of $11.31 billion, a PE ratio of 32.45, a P/E/G ratio of 1.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE Ltd. has a 52 week low of $149.54 and a 52 week high of $270.73. The business’s 50-day moving average price is $169.82 and its 200 day moving average price is $185.59.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.68% and a net margin of 15.55%. The business’s revenue 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. As a group, equities analysts predict that NICE Ltd. will post 8.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NICE shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of NICE in a research report on Tuesday, August 13th. Piper Sandler reduced their price objective on NICE from $238.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wedbush restated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research report on Friday, August 16th. Northland Securities cut their target price on NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Thursday, October 3rd. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $269.64.

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.