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Nice (NASDAQ:NICE) Shares Bought by Yelin Lapidot Holdings Management Ltd.

Nice logo with Computer and Technology background

Yelin Lapidot Holdings Management Ltd. raised its holdings in Nice (NASDAQ:NICE - Free Report) by 126.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,696 shares of the technology company's stock after purchasing an additional 30,540 shares during the quarter. Nice accounts for about 1.6% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 19th biggest position. Yelin Lapidot Holdings Management Ltd. owned approximately 0.09% of Nice worth $8,432,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NICE. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Nice in the 4th quarter valued at approximately $313,808,000. Boston Partners raised its position in Nice by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company's stock worth $283,349,000 after acquiring an additional 151,528 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Nice by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company's stock valued at $281,941,000 after acquiring an additional 36,865 shares during the period. HMI Capital Management L.P. boosted its position in shares of Nice by 12.8% during 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 purchasing an additional 186,600 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Nice by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company's stock worth $110,406,000 after purchasing an additional 5,609 shares during the period. Hedge funds and other institutional investors own 63.34% of the company's stock.

Nice Trading Up 0.4%

Shares of NASDAQ:NICE traded up $0.70 on Wednesday, hitting $168.40. The company had a trading volume of 371,675 shares, compared to its average volume of 516,158. The company has a market cap of $10.65 billion, a PE ratio of 23.49, a PEG ratio of 1.54 and a beta of 1.00. Nice has a 52-week low of $137.19 and a 52-week high of $200.65. The business has a 50 day moving average of $164.60 and a 200 day moving average of $161.95.

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 firm had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the previous year, the company posted $2.58 EPS. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts predict that Nice will post 9.85 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on NICE shares. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price objective on shares of Nice in a report on Wednesday, June 18th. DA Davidson lifted their price target on shares of Nice from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price target on shares of Nice in a research note on Wednesday, June 18th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.75.

Read Our Latest Report on NICE

Nice Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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