Nice (NASDAQ:NICE) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of Nice (NASDAQ:NICE - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,232 shares of the technology company's stock after selling 1,551 shares during the period. Oppenheimer & Co. Inc.'s holdings in Nice were worth $2,502,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in Nice by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company's stock valued at $948,000 after acquiring an additional 4,407 shares in the last quarter. Heritage Family Offices LLP bought a new position in shares of Nice in the 1st quarter worth approximately $584,000. Ceera Investments LLC purchased a new position in shares of Nice in the 4th quarter valued at approximately $4,963,000. Haven Capital Group Inc. bought a new stake in shares of Nice during the fourth quarter valued at approximately $5,577,000. Finally, New South Capital Management Inc. purchased a new stake in Nice in the fourth quarter worth $54,980,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley lowered their price objective on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price target on shares of Nice in a research note on Wednesday, June 18th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $161.00 target price on shares of Nice in a report on Wednesday, June 18th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Nice presently has a consensus rating of "Moderate Buy" and an average price target of $209.75.

Nice Stock Performance

Shares of Nice stock traded up $3.82 on Monday, hitting $168.91. 355,450 shares of the company traded hands, compared to its average volume of 516,683. The business has a 50-day simple moving average of $164.19 and a 200 day simple moving average of $161.91. Nice has a 52 week low of $137.19 and a 52 week high of $200.65. The stock has a market capitalization of $10.68 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Nice (NASDAQ:NICE - Get Free Report) last announced its 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 business had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts expect that Nice will post 9.85 earnings per share for the current year.

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.