Wealthquest Corp Buys Shares of 245,460 Nice (NASDAQ:NICE)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NICE. Anchor Investment Management LLC boosted its position in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Nice during the fourth quarter worth $25,000. McIlrath & Eck LLC lifted its holdings in shares of 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. acquired a new stake in shares of Nice during the first quarter worth $34,000. Finally, Sandy Spring Bank lifted its holdings in shares of Nice by 181.3% during the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after buying an additional 145 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler reissued a "neutral" rating and set a $182.00 target price (up previously from $153.00) on shares of Nice in a report on Friday, June 13th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of Nice in a report on Wednesday, June 18th. Citigroup dropped their target price on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a report on Monday, May 19th. Royal Bank Of Canada reissued an "outperform" rating and set a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Finally, JMP Securities reissued a "market outperform" rating and set a $300.00 target price on shares of Nice in a report on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nice presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.75.

Nice Stock Performance

Shares of Nice stock traded down $0.59 during trading on Friday, hitting $165.09. The company's stock had a trading volume of 285,343 shares, compared to its average volume of 517,384. The company has a fifty day simple moving average of $163.69 and a two-hundred day simple moving average of $162.39. The company has a market capitalization of $10.44 billion, a PE ratio of 23.03, a P/E/G ratio of 1.51 and a beta of 1.01. Nice has a 52 week low of $137.19 and a 52 week high of $200.65.

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

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.