Oppenheimer & Co. Inc. Lowers Holdings in Nice (NASDAQ:NICE)

Oppenheimer & Co. Inc. lessened its stake in Nice (NASDAQ:NICE - Free Report) by 8.7% in the 1st quarter, according to the company in 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 quarter. Oppenheimer & Co. Inc.'s holdings in Nice were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Nice in the 4th quarter worth about $313,808,000. Boston Partners raised its position in Nice by 10.0% in the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after buying an additional 151,528 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in Nice by 2.3% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock worth $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. raised its position in Nice by 12.8% in the 4th quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock worth $279,008,000 after buying an additional 186,600 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Nice by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after buying an additional 5,609 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th. Cantor Fitzgerald reissued a "neutral" rating and issued a $161.00 target price on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reissued a "neutral" rating and issued a $182.00 target price (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Wedbush reissued an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Friday, June 20th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.75.

Nice Stock Up 0.1%

NASDAQ NICE opened at $165.68 on Friday. Nice has a 52 week low of $137.19 and a 52 week high of $200.65. The firm has a market capitalization of $10.48 billion, a P/E ratio of 23.11, a PEG ratio of 1.50 and a beta of 1.01. The company has a 50-day moving average price of $163.38 and a 200-day moving average price of $162.50.

Nice (NASDAQ:NICE - Get Free Report) last released its quarterly 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 firm had revenue of $700.19 million during the quarter, compared to analyst estimates of $699.46 million. During the same quarter in the prior year, the firm earned $2.58 EPS. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Nice will post 9.85 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.