Mediolanum International Funds Ltd Buys 16,463 Shares of Nice (NASDAQ:NICE)

Key Points

• Mediolanum International Funds Ltd increased its holdings in Nice by 82.6% during the first quarter, owning a total of 36,396 shares valued at approximately $5.66 million.
• Nice's stock recently opened at $162.42 and has a market capitalization of $10.27 billion, with a 52-week range between $137.19 and $200.65.
• The company reported earnings of $2.87 per share for the last quarter, exceeding estimates and representing a 6.2% revenue increase year-over-year.

Mediolanum International Funds Ltd grew its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 82.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,396 shares of the technology company's stock after buying an additional 16,463 shares during the period. Mediolanum International Funds Ltd owned approximately 0.06% of Nice worth $5,659,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NICE. McIlrath & Eck LLC raised its position in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in Nice by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after buying an additional 83 shares during the last quarter. Aurora Investment Counsel raised its position in Nice by 0.8% in the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company's stock valued at $1,859,000 after buying an additional 96 shares during the last quarter. Anchor Investment Management LLC raised 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 buying an additional 100 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Nice by 1.7% in the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock valued at $1,029,000 after buying an additional 100 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

Nice Trading Down 2.6%

Shares of NICE stock traded down $4.21 on Thursday, hitting $156.90. 294,684 shares of the stock were exchanged, compared to its average volume of 524,883. The firm has a market capitalization of $9.92 billion, a PE ratio of 21.87, a P/E/G ratio of 1.49 and a beta of 1.00. Nice has a one year low of $137.19 and a one year high of $200.65. The firm's 50 day moving average is $165.23 and its two-hundred day moving average is $160.39.

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, topping the consensus estimate of $2.84 by $0.03. The company had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.58 EPS. On average, sell-side analysts expect that Nice will post 9.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on NICE shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reissued a "neutral" rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research report on Friday, June 13th. DA Davidson raised Nice to a "hold" rating in a research report on Tuesday. Citigroup reduced their price objective on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Wedbush restated an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.