Bfsg LLC Purchases Shares of 10,298 Nice (NASDAQ:NICE)

Bfsg LLC acquired a new position in Nice (NASDAQ:NICE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,298 shares of the technology company's stock, valued at approximately $1,588,000.

Several other large investors have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in shares of Nice in the 4th quarter worth $25,000. Tradewinds Capital Management LLC purchased a new stake in shares of Nice during the fourth quarter valued at $25,000. Anchor Investment Management LLC boosted its position in shares of Nice by 200.0% in 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 period. McIlrath & Eck LLC boosted its position in shares of Nice by 56.9% in 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 period. Finally, NBC Securities Inc. purchased a new position in Nice in the 1st quarter worth about $34,000. Institutional investors own 63.34% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NICE. Barclays reduced their price objective on shares of Nice from $286.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Wedbush restated an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Friday, May 16th. Citigroup reduced their price target on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Piper Sandler reiterated a "neutral" rating and set a $182.00 price objective (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $300.00 target price on shares of Nice in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.92.

Nice Stock Down 1.1%

Nice stock opened at $165.76 on Wednesday. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The stock has a market cap of $10.48 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.52 and a beta of 1.01. The company's fifty day simple moving average is $161.60 and its 200-day simple moving average is $163.47.

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

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.

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