Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 63.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,073 shares of the technology company's stock after buying an additional 2,365 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Nice were worth $936,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Nice during the 4th quarter worth $313,808,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Nice by 12.3% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock worth $272,306,000 after acquiring an additional 193,000 shares during the last quarter. HMI Capital Management L.P. grew its position in Nice by 12.8% during the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after acquiring an additional 186,600 shares during the last quarter. Vulcan Value Partners LLC grew its position in Nice by 9.6% during the 1st quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock worth $161,340,000 after acquiring an additional 91,929 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock worth $106,628,000 after acquiring an additional 85,286 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on NICE. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley reduced their price target on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Friday. Piper Sandler restated a "neutral" rating and set a $182.00 target price (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Rosenblatt Securities restated a "buy" rating and set a $190.00 target price on shares of Nice in a research report on Friday. Finally, Citigroup cut their target price on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Nice has a consensus rating of "Moderate Buy" and a consensus price target of $205.25.
Read Our Latest Report on NICE
Nice Stock Performance
Shares of Nice stock traded up $5.31 on Friday, hitting $133.16. The company had a trading volume of 1,281,472 shares, compared to its average volume of 736,570. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.21 and a beta of 0.98. Nice has a 1 year low of $127.00 and a 1 year high of $200.65. The stock has a 50 day moving average of $160.39 and a 200-day moving average of $158.84.
Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a return on equity of 17.64% and a net margin of 18.92%. Nice's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $2.64 earnings per share. Equities analysts anticipate that Nice will post 9.85 earnings per share for the current year.
Nice Company Profile
(
Free Report)
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.
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