Migdal Insurance & Financial Holdings Ltd. Has $272.31 Million Stock Holdings in Nice (NASDAQ:NICE)

Migdal Insurance & Financial Holdings Ltd. boosted its position in Nice (NASDAQ:NICE - Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,766,270 shares of the technology company's stock after purchasing an additional 193,000 shares during the period. Nice makes up about 3.8% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 5th largest holding. Migdal Insurance & Financial Holdings Ltd. owned 2.79% of Nice worth $272,306,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC boosted its holdings in Nice by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Nice in the fourth quarter worth about $25,000. McIlrath & Eck LLC increased its holdings in shares of Nice by 56.9% during 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 in the last quarter. NBC Securities Inc. acquired a new stake in shares of Nice during the first quarter worth approximately $34,000. Finally, Sandy Spring Bank increased its holdings in shares of Nice by 181.3% during the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after buying an additional 145 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

Analysts Set New Price Targets

NICE has been the topic of several analyst reports. DA Davidson increased their target price on shares of Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Wedbush restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Friday, June 20th. Finally, JMP Securities restated a "market outperform" rating and issued a $300.00 target price on shares of Nice in a research report on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Nice has an average rating of "Moderate Buy" and an average price target of $209.75.

Nice Trading Down 0.6%

NASDAQ NICE traded down $0.86 on Friday, hitting $153.41. 295,102 shares of the company were exchanged, compared to its average volume of 513,046. The company has a market cap of $9.70 billion, a PE ratio of 21.40, a PEG ratio of 1.40 and a beta of 1.00. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The stock has a fifty day moving average of $165.72 and a 200-day moving average of $160.68.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 earnings per share. On average, analysts expect that Nice will post 9.85 earnings per share for the current year.

Nice 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.