Ceera Investments LLC Buys 18,431 Shares of Nice (NASDAQ:NICE)

Ceera Investments LLC raised its stake in shares of Nice (NASDAQ:NICE - Free Report) by 63.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,650 shares of the technology company's stock after purchasing an additional 18,431 shares during the period. Nice accounts for approximately 2.5% of Ceera Investments LLC's holdings, making the stock its 10th biggest position. Ceera Investments LLC owned 0.08% of Nice worth $7,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NICE. Rhumbline Advisers raised its stake in 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 purchasing an additional 192 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Nice in the 4th quarter worth about $72,000. Jones Financial Companies Lllp raised its position in shares of Nice by 75.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,374 shares of the technology company's stock valued at $403,000 after buying an additional 1,022 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nice by 28.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,168 shares of the technology company's stock valued at $878,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Nice by 55.6% in the fourth quarter. Victory Capital Management Inc. now owns 92,542 shares of the technology company's stock worth $15,717,000 after acquiring an additional 33,058 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Stock Up 1.5%

Shares of NICE stock traded up $2.47 on Tuesday, hitting $171.98. The stock had a trading volume of 445,059 shares, compared to its average volume of 515,964. The company has a market cap of $10.88 billion, a PE ratio of 23.99, a P/E/G ratio of 1.54 and a beta of 1.00. The business has a 50 day moving average price of $166.13 and a 200 day moving average price of $161.53. Nice has a one year low of $137.19 and a one year 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 for the quarter, topping analysts' consensus estimates of $2.84 by $0.03. The firm had revenue of $700.19 million during 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 firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 EPS. Equities research analysts expect that Nice will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

NICE has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. Citigroup lowered their price target 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 reiterated a "buy" rating and set a $190.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Royal Bank Of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. Finally, JMP Securities reiterated a "market outperform" rating and set a $300.00 price target on shares of Nice in a report on Wednesday, June 18th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently 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.