TimesSquare Capital Management LLC Sells 1,930 Shares of Nice (NASDAQ:NICE)

TimesSquare Capital Management LLC cut its stake in Nice (NASDAQ:NICE - Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 313,598 shares of the technology company's stock after selling 1,930 shares during the period. TimesSquare Capital Management LLC owned 0.50% of Nice worth $48,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Nice during the 4th quarter worth about $313,808,000. Boston Partners grew its position in shares of Nice by 10.0% during 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 period. Menora Mivtachim Holdings LTD. raised its stake in shares of Nice by 2.3% during the fourth 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. lifted its holdings in Nice by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock valued at $279,008,000 after buying an additional 186,600 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Nice by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock valued at $110,406,000 after buying an additional 5,609 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Nice Stock Down 1.9%

Shares of NASDAQ:NICE traded down $2.92 during midday trading on Monday, reaching $151.92. 794,069 shares of the company were exchanged, compared to its average volume of 528,147. The firm has a market cap of $9.61 billion, a PE ratio of 21.19, a P/E/G ratio of 1.41 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. The stock has a fifty day simple moving average of $166.54 and a two-hundred day simple moving average of $161.19.

Nice (NASDAQ:NICE - Get Free Report) last issued 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. The company had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. Nice had a return on equity of 16.37% and a net margin of 16.77%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 earnings per share. As a group, analysts forecast that Nice will post 9.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on NICE. Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Nice in a report on Friday, June 20th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price objective on shares of Nice in a report on Wednesday, June 18th. DA Davidson raised their target price on Nice from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Nice in a research note on Wednesday, June 18th. Finally, Piper Sandler reissued a "neutral" rating and set a $182.00 price objective (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average 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.