Harel Insurance Investments & Financial Services Ltd. Purchases New Stake in Nice (NASDAQ:NICE)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Nice (NASDAQ:NICE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 638,809 shares of the technology company's stock, valued at approximately $98,485,000. Nice accounts for 1.3% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 22nd largest position. Harel Insurance Investments & Financial Services Ltd. owned 1.02% of Nice at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new stake in shares of Nice in the fourth quarter worth $25,000. Anchor Investment Management LLC increased its stake in Nice by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after acquiring an additional 100 shares during the last quarter. McIlrath & Eck LLC increased its stake in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Nice in the 1st quarter valued at about $34,000. Finally, Sandy Spring Bank boosted its position in shares of Nice by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after acquiring an additional 145 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Nice Stock Performance

NASDAQ:NICE traded up $1.67 during trading hours on Friday, reaching $170.07. The company's stock had a trading volume of 204,596 shares, compared to its average volume of 516,731. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.55 and a beta of 1.00. The firm has a 50-day simple moving average of $165.25 and a 200-day simple moving average of $161.88. Nice has a 1 year low of $137.19 and a 1 year high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $699.46 million. During the same period last year, the firm earned $2.58 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Nice will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NICE. JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Nice in a report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Nice in a research note on Wednesday, June 18th. Morgan Stanley decreased their price target on shares of Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 price objective (up from $153.00) on shares of Nice in a report on Friday, June 13th. Finally, Citigroup cut their target price 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.