Moloney Securities Asset Management LLC lessened its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 59.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,820 shares of the technology company's stock after selling 4,055 shares during the quarter. Moloney Securities Asset Management LLC's holdings in NICE were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of NICE. International Assets Investment Management LLC purchased a new position in NICE during the fourth quarter valued at $4,697,000. CWM LLC lifted its position in shares of NICE by 20.6% during the 4th quarter. CWM LLC now owns 586 shares of the technology company's stock valued at $117,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of NICE during the 4th quarter valued at approximately $25,000. Yousif Capital Management LLC purchased a new stake in NICE in the 4th quarter worth approximately $211,000. Finally, Truist Financial Corp raised its stake in NICE by 48.8% during the 4th quarter. Truist Financial Corp now owns 3,817 shares of the technology company's stock worth $762,000 after acquiring an additional 1,252 shares during the period. Institutional investors own 63.34% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NICE. Royal Bank of Canada upped their price target on shares of NICE from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. DA Davidson reiterated a "buy" rating and issued a $300.00 price target on shares of NICE in a research note on Wednesday, June 12th. William Blair restated an "outperform" rating on shares of NICE in a research report on Wednesday, June 12th. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 14th. Finally, Citigroup lifted their target price on NICE from $339.00 to $346.00 and gave the company a "buy" rating in a research note on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $269.64.
View Our Latest Stock Analysis on NICE
NICE Price Performance
NICE stock traded down $0.58 during mid-day trading on Friday, reaching $173.74. 439,204 shares of the company's stock traded hands, compared to its average volume of 639,524. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.41 and a beta of 1.04. The stock has a 50 day moving average of $173.59 and a two-hundred day moving average of $203.95. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.
NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. During the same quarter last year, the firm earned $1.63 EPS. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current year.
NICE 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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