Cambridge Investment Research Advisors Inc. boosted its holdings in Nice (NASDAQ:NICE - Free Report) by 61.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,363 shares of the technology company's stock after buying an additional 7,343 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Nice were worth $2,985,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. McIlrath & Eck LLC increased its position in 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 purchasing an additional 58 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Nice by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company's stock valued at $243,000 after buying an additional 77 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Nice by 3.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after buying an additional 83 shares during the period. Anchor Investment Management LLC lifted its position in Nice by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Nice by 1.7% in the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock worth $1,029,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.
Nice Price Performance
Shares of NICE stock traded up $1.67 on Thursday, hitting $170.07. 204,596 shares of the stock traded hands, compared to its average volume of 532,793. The company's fifty day moving average is $164.94 and its 200 day moving average is $161.99. Nice has a 1-year low of $137.19 and a 1-year high of $200.65. The company has a market capitalization of $10.76 billion, a PE ratio of 23.72, a PEG ratio of 1.52 and a beta of 1.00.
Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.03. The business had revenue of $700.19 million for the quarter, compared to analysts' expectations of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. As a group, equities research analysts expect that Nice will post 9.85 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on NICE shares. Morgan Stanley lowered their price objective on shares of Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 target price (up from $153.00) on shares of Nice in a research report on Friday, June 13th. Citigroup cut their price target on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $300.00 target price on shares of Nice in a research report on Wednesday, June 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Nice currently has a consensus rating of "Moderate Buy" and an average price target of $209.75.
View Our Latest Report on NICE
Nice Profile
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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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