Balefire LLC Grows Holdings in Nice (NASDAQ:NICE)

Balefire LLC increased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 45.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,009 shares of the technology company's stock after buying an additional 7,540 shares during the quarter. Nice comprises approximately 1.3% of Balefire LLC's portfolio, making the stock its 18th biggest holding. Balefire LLC's holdings in Nice were worth $3,701,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of Nice by 5.4% in the 4th quarter. Rhumbline Advisers now owns 3,740 shares of the technology company's stock valued at $635,000 after purchasing an additional 192 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Nice by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after buying an additional 4,407 shares during the period. Truist Financial Corp increased its holdings in shares of Nice by 15.2% during the 4th quarter. Truist Financial Corp now owns 4,335 shares of the technology company's stock worth $736,000 after buying an additional 571 shares during the last quarter. IFP Advisors Inc raised its position in shares of Nice by 116.4% in the 4th quarter. IFP Advisors Inc now owns 370 shares of the technology company's stock worth $63,000 after buying an additional 199 shares during the period. Finally, Rothschild Investment LLC raised its position in shares of Nice by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock worth $87,000 after buying an additional 80 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NICE shares. Piper Sandler reissued a "neutral" rating and set a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Morgan Stanley decreased their target price on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 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 target on shares of Nice in a report on Wednesday, June 18th. Finally, DA Davidson boosted their price objective on shares of Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Nice currently has an average rating of "Moderate Buy" and an average target price of $209.75.

Nice Stock Up 0.1%

Shares of NASDAQ NICE traded up $0.15 during trading on Thursday, reaching $165.68. 323,319 shares of the stock were exchanged, compared to its average volume of 520,657. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The business's 50-day moving average price is $163.06 and its 200 day moving average price is $162.64. Nice has a twelve month low of $137.19 and a twelve month high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.03. The firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. The firm's quarterly 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. As a group, sell-side analysts expect that Nice will post 9.85 earnings per share for the current fiscal 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.