Hamilton Point Investment Advisors LLC lifted its position in Nice (NASDAQ:NICE - Free Report) by 96.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,385 shares of the technology company's stock after buying an additional 29,221 shares during the period. Nice makes up 1.6% of Hamilton Point Investment Advisors LLC's holdings, making the stock its 16th largest position. Hamilton Point Investment Advisors LLC owned about 0.09% of Nice worth $9,155,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. purchased a new position in shares of Nice during the first quarter valued at $513,000. Cerity Partners LLC grew its stake in Nice by 56.0% in the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock valued at $1,540,000 after purchasing an additional 3,584 shares in the last quarter. Heritage Family Offices LLP purchased a new position in Nice in the first quarter valued at about $584,000. DAVENPORT & Co LLC purchased a new position in Nice in the first quarter valued at about $1,360,000. Finally, Crossmark Global Holdings Inc. grew its stake in Nice by 46.4% in the first quarter. Crossmark Global Holdings Inc. now owns 9,764 shares of the technology company's stock valued at $1,505,000 after purchasing an additional 3,094 shares in the last quarter. Institutional investors own 63.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on NICE. DA Davidson boosted their target price on Nice from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wedbush restated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Citigroup reduced 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. Piper Sandler reaffirmed a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Morgan Stanley reduced their price target on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Four 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 currently has an average rating of "Moderate Buy" and a consensus target price of $209.75.
Check Out Our Latest Analysis on Nice
Nice Stock Down 1.6%
Nice stock traded down $2.61 during trading hours on Thursday, hitting $160.17. The stock had a trading volume of 67,466 shares, compared to its average volume of 518,422. The company has a 50-day moving average of $165.39 and a two-hundred day moving average of $160.45. The company has a market cap of $10.13 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.00. Nice has a fifty-two week low of $137.19 and a fifty-two week high of $200.65.
Nice (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, May 15th. The technology company reported $2.87 EPS 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 company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the previous year, the company earned $2.58 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Nice will post 9.85 EPS for the current fiscal year.
About Nice
(
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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