Bessemer Group Inc. Has $110.68 Million Stock Holdings in Nice (NASDAQ:NICE)

Bessemer Group Inc. cut its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 36.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 717,936 shares of the technology company's stock after selling 403,595 shares during the period. Bessemer Group Inc. owned about 1.14% of Nice worth $110,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NICE. Sanctuary Advisors LLC increased its holdings in shares of Nice by 329.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock worth $948,000 after buying an additional 4,407 shares in the last quarter. Heritage Family Offices LLP acquired a new position in shares of Nice during the first quarter worth $584,000. Ceera Investments LLC acquired a new position in shares of Nice during the fourth quarter worth $4,963,000. Haven Capital Group Inc. acquired a new position in shares of Nice during the fourth quarter worth $5,577,000. Finally, New South Capital Management Inc. acquired a new position in shares of Nice during the fourth quarter worth $54,980,000. 63.34% of the stock is currently owned by institutional investors.

Nice Stock Down 0.4%

Nice stock traded down $0.59 during trading hours on Friday, reaching $165.09. 285,343 shares of the company's stock were exchanged, compared to its average volume of 517,331. The firm's 50 day simple moving average is $163.69 and its 200 day simple moving average is $162.03. Nice has a twelve month low of $137.19 and a twelve month high of $200.65. The firm has a market capitalization of $10.44 billion, a PE ratio of 23.03, a PEG ratio of 1.50 and a beta of 1.01.

Nice (NASDAQ:NICE - Get Free Report) last issued 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. Nice had a return on equity of 16.37% and a net margin of 16.77%. The firm had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same period last year, the business posted $2.58 EPS. The business's revenue was up 6.2% compared to the same quarter last year. Analysts anticipate that Nice will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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. Cantor Fitzgerald reiterated a "neutral" rating and set a $161.00 price target on shares of Nice in a report on Wednesday, June 18th. Wedbush reiterated an "outperform" rating and set a $200.00 price target on shares of Nice in a report on Friday, June 20th. DA Davidson increased their price objective on Nice from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $190.00 price objective 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 given a buy rating to the stock. Based on data from MarketBeat.com, Nice has a consensus rating of "Moderate Buy" and a consensus price target of $209.75.

About Nice

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.