Ceera Investments LLC lifted its position in Nice (NASDAQ:NICE - Free Report) by 63.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,650 shares of the technology company's stock after purchasing an additional 18,431 shares during the quarter. Nice accounts for 2.5% of Ceera Investments LLC's portfolio, making the stock its 10th largest position. Ceera Investments LLC owned about 0.08% of Nice worth $7,346,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Anchor Investment Management LLC increased its holdings in shares of Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Nice during the fourth quarter worth $25,000. McIlrath & Eck LLC increased its stake in shares of Nice by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. acquired a new position in Nice during the 1st quarter worth about $34,000. Finally, Sandy Spring Bank increased its position in Nice by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock valued at $38,000 after acquiring an additional 145 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.
Nice Trading Up 1.0%
Shares of Nice stock opened at $170.07 on Friday. The stock's fifty day simple moving average is $165.55 and its 200 day simple moving average is $161.74. The company has a market capitalization of $10.76 billion, a PE ratio of 23.72, a PEG ratio of 1.55 and a beta of 1.00. Nice has a 12 month low of $137.19 and a 12 month high of $200.65.
Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating 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%. Nice's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 EPS. Analysts predict that Nice will post 9.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on NICE shares. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price target on shares of Nice in a report on Wednesday, June 18th. Wedbush reaffirmed an "outperform" rating and set a $200.00 price target on shares of Nice in a research note on Friday, June 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. DA Davidson boosted their price objective on Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Finally, 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $209.75.
Read Our Latest Stock Analysis on Nice
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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