Mercer Global Advisors Inc. ADV Increases Stake in NICE Ltd. (NASDAQ:NICE)

Mercer Global Advisors Inc. ADV raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,852 shares of the technology company’s stock after acquiring an additional 412 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in NICE were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in NICE during the fourth quarter valued at about $173,000. Schonfeld Strategic Advisors LLC bought a new position in shares of NICE during the 4th quarter valued at approximately $510,000. Northern Trust Corp increased its holdings in NICE by 126.3% in the 4th quarter. Northern Trust Corp now owns 22,345 shares of the technology company’s stock worth $3,795,000 after acquiring an additional 12,469 shares in the last quarter. Aquatic Capital Management LLC raised its stake in NICE by 34.2% during the 4th quarter. Aquatic Capital Management LLC now owns 24,290 shares of the technology company’s stock worth $4,125,000 after acquiring an additional 6,190 shares during the period. Finally, HMI Capital Management L.P. lifted its holdings in NICE by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after purchasing an additional 186,600 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Price Performance

NASDAQ:NICE opened at $164.31 on Friday. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.07 and a beta of 1.03. The business has a 50 day simple moving average of $152.16 and a 200-day simple moving average of $165.62. NICE Ltd. has a 1 year low of $137.19 and a 1 year high of $229.33.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. As a group, analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NICE shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Barclays decreased their price target on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Morgan Stanley dropped their price objective on NICE from $235.00 to $202.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Citigroup decreased their target price on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Rosenblatt Securities cut their price objective on shares of NICE from $200.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, NICE presently has an average rating of “Moderate Buy” and an average target price of $224.29.

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.