Nice $NICE Shares Bought by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. significantly increased its holdings in Nice by 152.6% during the first quarter, bringing their total to 47,470 shares valued at around $7.3 million.
• Nice reported earnings of $3.01 EPS for the last quarter, exceeding analysts' expectations, with revenues up 9.4% year-over-year.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" on Nice, with an average price target of $205.25, reflecting positive outlooks from several prominent firms.

Northwest & Ethical Investments L.P. increased its holdings in Nice (NASDAQ:NICE - Free Report) by 152.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,470 shares of the technology company's stock after purchasing an additional 28,680 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.08% of Nice worth $7,318,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Wealthedge Investment Advisors LLC acquired a new position in Nice in the 1st quarter worth about $440,000. Neuberger Berman Group LLC raised its holdings in Nice by 40.9% in the 1st quarter. Neuberger Berman Group LLC now owns 639,685 shares of the technology company's stock worth $98,620,000 after purchasing an additional 185,716 shares during the period. Tlwm raised its holdings in Nice by 4.1% in the 1st quarter. Tlwm now owns 3,658 shares of the technology company's stock worth $564,000 after purchasing an additional 144 shares during the period. Townsquare Capital LLC raised its position in shares of Nice by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock worth $4,017,000 after purchasing an additional 24,446 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Nice by 63.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,073 shares of the technology company's stock worth $936,000 after purchasing an additional 2,365 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Trading Up 4.2%

NICE stock opened at $133.16 on Monday. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.17 and a beta of 0.98. Nice has a 12 month low of $127.00 and a 12 month high of $200.65. The firm has a 50-day moving average of $160.39 and a two-hundred day moving average of $158.80.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.64%. Nice's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.64 EPS. As a group, equities analysts forecast that Nice will post 9.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Nice from $214.00 to $211.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Wedbush restated an "outperform" rating and set a $200.00 price target on shares of Nice in a research report on Friday, June 20th. Morgan Stanley reduced their price target on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday. Piper Sandler restated a "neutral" rating and set a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, JMP Securities restated a "market outperform" rating and set a $300.00 price target on shares of Nice in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Nice has an average rating of "Moderate Buy" and a consensus target price of $205.25.

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.

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