Nice (NASDAQ:NICE) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in shares of Nice (NASDAQ:NICE - Free Report) by 61.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,363 shares of the technology company's stock after purchasing an additional 7,343 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Nice were worth $2,985,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NICE. Rhumbline Advisers grew its stake in shares of Nice by 5.4% during the fourth quarter. Rhumbline Advisers now owns 3,740 shares of the technology company's stock valued at $635,000 after acquiring an additional 192 shares in the last quarter. Truist Financial Corp boosted its holdings in Nice by 15.2% in the fourth 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 grew its stake 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 in the last quarter. Proficio Capital Partners LLC purchased a new stake in Nice during the 4th quarter worth approximately $5,106,000. Finally, QRG Capital Management Inc. increased its holdings in Nice by 13.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,347 shares of the technology company's stock worth $738,000 after purchasing an additional 527 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Stock Down 0.4%

NICE stock opened at $165.09 on Monday. The firm has a 50 day moving average of $163.69 and a two-hundred day moving average of $162.03. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 1.50 and a beta of 1.01.

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

Analyst Ratings Changes

NICE has been the topic of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price target on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley reduced their target price on Nice from $235.00 to $202.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 price objective (up previously from $153.00) on shares of Nice in a report on Friday, June 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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