Liberty Wealth Management LLC bought a new stake in Nice (NASDAQ:NICE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,672 shares of the technology company's stock, valued at approximately $4,575,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. 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 acquiring an additional 58 shares during the period. Legacy Wealth Asset Management LLC increased its position in Nice by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock worth $405,000 after acquiring an additional 83 shares during the period. Aurora Investment Counsel increased its position in Nice by 0.8% during the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock worth $1,859,000 after acquiring an additional 96 shares during the period. Anchor Investment Management LLC increased 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 acquiring an additional 100 shares during the period. Finally, Baird Financial Group Inc. increased its position in Nice by 1.7% during the fourth quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock worth $1,029,000 after acquiring an additional 100 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.
Nice Stock Performance
NICE opened at $152.61 on Friday. The firm's 50-day simple moving average is $164.97 and its 200-day simple moving average is $160.16. Nice has a twelve month low of $137.19 and a twelve month high of $200.65. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.39 and a beta of 0.98.
Nice (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The business had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. During the same quarter in the prior year, the firm earned $2.58 EPS. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on NICE shares. Morgan Stanley decreased their target price on Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen downgraded Nice from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of Nice in a research report on Wednesday, June 18th. JMP Securities restated a "market outperform" rating and issued a $300.00 price objective on shares of Nice in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.75.
View Our Latest Analysis on NICE
Nice Company Profile
(
Free Report)
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.
See Also
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