Nice (NASDAQ:NICE) Shares Acquired by Perpetual Ltd

Perpetual Ltd increased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,900 shares of the technology company's stock after acquiring an additional 62,715 shares during the quarter. Perpetual Ltd owned about 0.40% of Nice worth $38,527,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Nice in the 4th quarter worth approximately $313,808,000. Boston Partners increased its holdings in shares of Nice by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock valued at $283,349,000 after purchasing an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its position in Nice by 2.3% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after buying an additional 36,865 shares in the last quarter. HMI Capital Management L.P. boosted its stake in Nice by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after buying an additional 186,600 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Nice by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after buying an additional 5,609 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Stock Performance

NASDAQ:NICE opened at $165.68 on Friday. Nice has a fifty-two week low of $137.19 and a fifty-two week high of $200.65. The company has a 50 day moving average price of $163.38 and a 200 day moving average price of $162.50. The stock has a market capitalization of $10.48 billion, a P/E ratio of 23.11, a PEG ratio of 1.50 and a beta of 1.01.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.84 by $0.03. The business had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $2.58 earnings per share. Research analysts forecast that Nice will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NICE shares. JMP Securities reaffirmed a "market outperform" rating and issued a $300.00 target price on shares of Nice in a research note on Wednesday, June 18th. DA Davidson raised their price objective on shares of Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 target price on shares of Nice in a research note on Wednesday, June 18th. Citigroup dropped their price target on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Morgan Stanley cut their price target on shares of Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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