Perpetual Ltd Raises Holdings in Nice (NASDAQ:NICE)

Perpetual Ltd boosted its stake in shares of Nice (NASDAQ:NICE - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,900 shares of the technology company's stock after acquiring an additional 62,715 shares during the quarter. Perpetual Ltd owned 0.40% of Nice worth $38,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in Nice by 5.4% during the 4th quarter. Rhumbline Advisers now owns 3,740 shares of the technology company's stock valued at $635,000 after purchasing an additional 192 shares during the last quarter. Sanctuary Advisors LLC raised its position in Nice by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after purchasing an additional 4,407 shares during the last quarter. Truist Financial Corp raised its position in Nice by 15.2% during the 4th quarter. Truist Financial Corp now owns 4,335 shares of the technology company's stock valued at $736,000 after purchasing an additional 571 shares during the last quarter. IFP Advisors Inc raised its position in Nice by 116.4% during the 4th quarter. IFP Advisors Inc now owns 370 shares of the technology company's stock valued at $63,000 after purchasing an additional 199 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in Nice by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company's stock valued at $87,000 after purchasing an additional 80 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

Nice Stock Performance

Shares of Nice stock traded up $3.82 during midday trading on Monday, hitting $168.91. The company had a trading volume of 355,450 shares, compared to its average volume of 516,683. The stock has a market capitalization of $10.68 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a 50 day moving average of $164.19 and a 200 day moving average of $161.91. Nice has a 52-week low of $137.19 and a 52-week high of $200.65.

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 for 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 business posted $2.58 EPS. Equities research analysts forecast that Nice will post 9.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on NICE shares. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th. Citigroup decreased their target price on Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Wednesday, June 18th. Finally, Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Friday, June 20th. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $209.75.

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.