Brown Advisory Inc. Purchases New Position in Nice (NASDAQ:NICE)

Brown Advisory Inc. purchased a new stake in Nice (NASDAQ:NICE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,329 shares of the technology company's stock, valued at approximately $513,000.

Several other large investors also recently made changes to their positions in NICE. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Nice in the 4th quarter worth $313,808,000. Boston Partners lifted its position in shares of Nice by 10.0% during the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after purchasing an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of Nice by 2.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. raised its stake in shares of Nice by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after buying an additional 186,600 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Nice by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after buying an additional 5,609 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Stock Up 0.0%

NICE traded up $0.04 during trading hours on Wednesday, hitting $151.55. 261,301 shares of the company's stock were exchanged, compared to its average volume of 514,313. Nice has a 1-year low of $137.19 and a 1-year high of $200.65. The stock's 50-day moving average is $166.31 and its two-hundred day moving average is $160.97. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.38 and a beta of 1.00.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. 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 company posted $2.58 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nice will post 9.85 EPS for the current year.

Wall Street Analyst Weigh In

NICE has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. Wedbush reissued an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Wednesday, June 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 target price (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Four equities 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, Nice has an average rating of "Moderate Buy" and an average price target 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.