Campbell Capital Management Inc. Has $5.13 Million Stake in Nice (NASDAQ:NICE)

Key Points

• Campbell Capital Management Inc. increased its stake in Nice (NASDAQ:NICE) by 13.9%, now holding approximately $5.13 million worth of shares, which constitutes 2.9% of its total holdings.
• Nice's recent quarterly earnings showed an EPS of $2.87, surpassing analysts' expectations, and the company reported a 6.2% increase in revenue year-over-year.
• Analyst ratings for Nice are mixed, with price targets ranging from $182 to $300, reflecting a consensus rating of "Moderate Buy" with an average target of $209.75.

Campbell Capital Management Inc. grew its stake in Nice (NASDAQ:NICE - Free Report) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,250 shares of the technology company's stock after purchasing an additional 4,050 shares during the quarter. Nice makes up about 2.9% of Campbell Capital Management Inc.'s holdings, making the stock its 12th largest position. Campbell Capital Management Inc. owned approximately 0.05% of Nice worth $5,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC lifted its position in shares of Nice by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Nice in the fourth quarter worth $25,000. McIlrath & Eck LLC increased its position in Nice by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares during the last quarter. NBC Securities Inc. purchased a new stake in Nice in the first quarter worth $34,000. Finally, Cheviot Value Management LLC purchased a new stake in Nice in the first quarter worth $36,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Price Performance

Shares of NASDAQ NICE opened at $153.05 on Wednesday. Nice has a 1 year low of $137.19 and a 1 year high of $200.65. The company's 50-day moving average is $164.69 and its 200 day moving average is $160.04. The stock has a market capitalization of $9.68 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.41 and a beta of 0.98.

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

Analyst Ratings Changes

A number of research firms have recently commented on NICE. Morgan Stanley cut their price target on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price objective on shares of Nice in a research report on Tuesday, July 29th. 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. Piper Sandler reissued 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. Finally, Wall Street Zen cut Nice from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Nice currently has an average rating of "Moderate Buy" and an average price target of $209.75.

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.

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