Asset Management One Co. Ltd. Has $7.39 Million Stock Holdings in Nice (NASDAQ:NICE)

Asset Management One Co. Ltd. increased its position in Nice (NASDAQ:NICE - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,934 shares of the technology company's stock after buying an additional 2,335 shares during the period. Asset Management One Co. Ltd. owned 0.08% of Nice worth $7,390,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NICE. McIlrath & Eck LLC boosted its stake in Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Nice by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after purchasing an additional 77 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Nice by 3.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after purchasing an additional 83 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Nice by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Nice by 1.7% during the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock valued at $1,029,000 after purchasing an additional 100 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Trading Down 0.4%

NASDAQ:NICE opened at $165.09 on Friday. The stock has a market capitalization of $10.44 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. The firm's 50 day moving average is $163.69 and its 200 day moving average is $162.39. Nice has a 12 month low of $137.19 and a 12 month high of $200.65.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NICE. JMP Securities reiterated a "market outperform" rating and set a $300.00 price target on shares of Nice in a research note on Wednesday, June 18th. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Wednesday, June 18th. Morgan Stanley cut their price target on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson lifted their price target on Nice from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, Wedbush reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Friday, June 20th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $209.75.

Nice 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.

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