DAVENPORT & Co LLC Purchases Shares of 8,821 Nice (NASDAQ:NICE)

DAVENPORT & Co LLC bought a new position in Nice (NASDAQ:NICE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,821 shares of the technology company's stock, valued at approximately $1,360,000.

Other hedge funds have also added to or reduced their stakes in the company. Anchor Investment Management LLC increased its holdings in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after buying an additional 100 shares during the period. Park Square Financial Group LLC purchased a new position in Nice during the fourth quarter valued at approximately $25,000. McIlrath & Eck LLC increased its holdings in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares during the period. NBC Securities Inc. purchased a new position in Nice during the first quarter valued at approximately $34,000. Finally, Sandy Spring Bank increased its holdings in Nice by 181.3% during the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after buying an additional 145 shares during the period. 63.34% of the stock is currently owned by institutional investors.

Nice Stock Down 0.4%

Shares of NICE traded down $0.68 during trading hours on Monday, reaching $169.51. 214,418 shares of the company traded hands, compared to its average volume of 515,891. The stock has a market capitalization of $10.72 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.55 and a beta of 1.00. Nice has a 12-month low of $137.19 and a 12-month high of $200.65. The business has a fifty day moving average price of $165.55 and a 200-day moving average price of $161.51.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NICE. Royal Bank Of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Citigroup cut their price objective on shares of Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Finally, DA Davidson raised their target price on shares of Nice from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Nice currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.75.

About Nice

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.