TD Private Client Wealth LLC Sells 2,350 Shares of Nice (NASDAQ:NICE)

TD Private Client Wealth LLC reduced its stake in Nice (NASDAQ:NICE - Free Report) by 90.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234 shares of the technology company's stock after selling 2,350 shares during the quarter. TD Private Client Wealth LLC's holdings in Nice were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC increased its position in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in Nice by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company's stock valued at $405,000 after acquiring an additional 83 shares during the last quarter. Anchor Investment Management LLC increased its position in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Baird Financial Group Inc. increased its position in Nice by 1.7% during the fourth quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company's stock valued at $1,029,000 after acquiring an additional 100 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in Nice by 7.1% in the 4th quarter. Townsquare Capital LLC now owns 1,610 shares of the technology company's stock worth $273,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Trading Down 5.0%

Shares of NASDAQ:NICE traded down $8.17 during trading on Friday, reaching $154.84. The company's stock had a trading volume of 485,157 shares, compared to its average volume of 515,328. Nice has a 12 month low of $137.19 and a 12 month high of $200.65. The firm's 50 day simple moving average is $166.54 and its two-hundred day simple moving average is $161.29. The stock has a market capitalization of $9.79 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $699.46 million. During the same quarter last year, the firm earned $2.58 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price target on shares of Nice in a research note on Wednesday, June 18th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. 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. Morgan Stanley cut their price target on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of Nice in a 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $209.75.

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.