Aigen Investment Management LP decreased its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 61.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,010 shares of the technology company's stock after selling 6,280 shares during the period. Aigen Investment Management LP's holdings in NICE were worth $696,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in NICE. Buckingham Capital Management Inc. raised its holdings in shares of NICE by 43.5% during the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company's stock valued at $3,337,000 after buying an additional 5,829 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in NICE during the 3rd quarter worth approximately $1,058,000. Baker Avenue Asset Management LP purchased a new position in shares of NICE during the 3rd quarter valued at approximately $2,897,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company's stock worth $273,642,000 after buying an additional 279,375 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in shares of NICE by 7.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 10,214 shares of the technology company's stock worth $1,774,000 after purchasing an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.
NICE Trading Down 8.6 %
NICE stock traded down $17.13 during trading on Thursday, reaching $182.04. The company had a trading volume of 2,934,492 shares, compared to its average volume of 520,544. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The company has a market cap of $11.44 billion, a P/E ratio of 29.71, a PEG ratio of 1.56 and a beta of 1.04. The business has a 50 day moving average of $172.27 and a 200 day moving average of $178.68.
NICE (NASDAQ:NICE - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The firm had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period last year, the business posted $1.63 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Piper Sandler reissued a "neutral" rating on shares of NICE in a report on Thursday. Northland Securities cut their price objective on NICE from $305.00 to $275.00 and set an "outperform" rating for the company in a research report on Friday, August 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Citigroup lifted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Barclays decreased their price objective on NICE from $320.00 to $286.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $268.79.
Check Out Our Latest Stock 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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