Guardian Wealth Management Inc. Acquires New Holdings in Nice (NASDAQ:NICE)

Guardian Wealth Management Inc. bought a new position in shares of Nice (NASDAQ:NICE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 7,793 shares of the technology company's stock, valued at approximately $1,201,000.

A number of other hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC increased its position in 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 acquiring an additional 100 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Nice in the fourth quarter worth $25,000. McIlrath & Eck LLC raised its holdings 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 purchasing an additional 58 shares during the period. NBC Securities Inc. acquired a new stake in Nice in the first quarter worth $34,000. Finally, Accredited Wealth Management LLC bought a new position in Nice in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Trading Up 0.5%

Nice stock traded up $0.80 during trading hours on Friday, reaching $162.42. 434,972 shares of the stock were exchanged, compared to its average volume of 377,376. The company has a market cap of $10.27 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00. Nice has a twelve month low of $137.19 and a twelve month high of $200.65. The stock has a 50 day moving average of $165.25 and a two-hundred day moving average of $160.34.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share 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 company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same period last year, the company posted $2.58 EPS. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Nice from a "buy" rating to a "hold" rating in a research report on Saturday. DA Davidson increased their price objective on shares of Nice from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler restated a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, JMP Securities restated a "market outperform" rating and issued a $300.00 price target on shares of Nice in a research note on Wednesday, June 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Nice presently has an average rating of "Moderate Buy" and a consensus target price 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.