Wealthquest Corp Takes $37.84 Million Position in Nice (NASDAQ:NICE)

Wealthquest Corp bought a new position in shares of Nice (NASDAQ:NICE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 245,460 shares of the technology company's stock, valued at approximately $37,843,000. Nice makes up 3.6% of Wealthquest Corp's investment portfolio, making the stock its 7th biggest holding. Wealthquest Corp owned approximately 0.39% of Nice at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC increased its stake in shares of Nice by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Nice during the 4th quarter valued at $25,000. McIlrath & Eck LLC increased its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. purchased a new position in Nice during the first quarter worth $34,000. Finally, Sandy Spring Bank raised its holdings in shares of Nice by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Price Performance

NICE stock traded up $0.32 during trading on Wednesday, reaching $165.53. 303,697 shares of the stock traded hands, compared to its average volume of 522,626. The business's 50 day moving average price is $162.76 and its 200-day moving average price is $162.62. Nice has a 52-week low of $137.19 and a 52-week high of $200.65. The firm has a market capitalization of $10.47 billion, a PE ratio of 23.09, a P/E/G ratio of 1.48 and a beta of 1.01.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 EPS. On average, equities research analysts predict that Nice will post 9.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Finally, Citigroup cut their price target on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.75.

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.