Nice (NASDAQ:NICE) Shares Sold by Harvey Capital Management Inc.

Harvey Capital Management Inc. trimmed its position in shares of Nice (NASDAQ:NICE - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,658 shares of the technology company's stock after selling 4,178 shares during the quarter. Nice makes up about 1.6% of Harvey Capital Management Inc.'s portfolio, making the stock its 20th biggest holding. Harvey Capital Management Inc. owned 0.06% of Nice worth $5,960,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NICE. Anchor Investment Management LLC increased its holdings in Nice by 200.0% in 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. Park Square Financial Group LLC purchased a new stake in Nice in the 4th quarter worth $25,000. McIlrath & Eck LLC increased its holdings in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. NBC Securities Inc. purchased a new stake in Nice in the 1st quarter worth $34,000. Finally, Sandy Spring Bank increased its holdings in Nice by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company's stock worth $38,000 after acquiring an additional 145 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Stock Performance

Shares of NICE stock traded down $8.17 on Friday, hitting $154.84. 485,157 shares of the stock traded hands, compared to its average volume of 515,328. The firm's 50-day moving average price is $166.54 and its two-hundred day moving average price is $161.29. The stock has a market capitalization of $9.79 billion, a PE ratio of 21.60, a PEG ratio of 1.41 and a beta of 1.00. Nice has a twelve month low of $137.19 and a twelve month high of $200.65.

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, beating the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The firm had revenue of $700.19 million for the quarter, compared to analysts' expectations of $699.46 million. During the same quarter in the previous year, the company posted $2.58 EPS. The company's revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NICE. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price target on shares of Nice in a report on Wednesday, June 18th. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 price target on shares of Nice in a report on Wednesday, June 18th. DA Davidson lifted their target price on shares of Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Piper Sandler reaffirmed a "neutral" rating and set a $182.00 target price (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Nice presently has a consensus rating of "Moderate Buy" and an average target price of $209.75.

Nice Company 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.