Cerity Partners LLC Has $1.54 Million Position in Nice (NASDAQ:NICE)

Cerity Partners LLC boosted its position in Nice (NASDAQ:NICE - Free Report) by 56.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,986 shares of the technology company's stock after buying an additional 3,584 shares during the quarter. Cerity Partners LLC's holdings in Nice were worth $1,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NICE. Anchor Investment Management LLC increased its holdings in shares of Nice by 200.0% during the fourth 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. Park Square Financial Group LLC acquired a new position in Nice during the 4th quarter valued at about $25,000. McIlrath & Eck LLC raised its position in shares of Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Nice during the 1st quarter worth about $34,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Nice in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NICE shares. Wedbush reissued an "outperform" rating and set a $200.00 target price on shares of Nice in a report on Friday, June 20th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Morgan Stanley decreased their target price on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $209.75.

Nice Stock Down 0.5%

Shares of NICE stock traded down $0.89 during trading hours on Thursday, reaching $161.88. 160,082 shares of the stock traded hands, compared to its average volume of 519,044. The firm has a market capitalization of $10.24 billion, a PE ratio of 22.58, a PEG ratio of 1.44 and a beta of 1.00. Nice has a 1-year low of $137.19 and a 1-year high of $200.65. The business has a fifty day moving average price of $165.39 and a 200 day moving average price of $160.45.

Nice (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same period in the previous year, the business earned $2.58 EPS. The company's revenue was up 6.2% on a year-over-year basis. 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.