Sea Cliff Partners Management LP Has $26.09 Million Stock Position in NICE Ltd. (NASDAQ:NICE)

Sea Cliff Partners Management LP lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,734 shares of the technology company's stock after buying an additional 27,482 shares during the quarter. NICE makes up approximately 8.9% of Sea Cliff Partners Management LP's investment portfolio, making the stock its 6th largest position. Sea Cliff Partners Management LP owned approximately 0.24% of NICE worth $26,094,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of NICE by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,207 shares of the technology company's stock valued at $315,000 after purchasing an additional 47 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of NICE by 46.3% in the first quarter. Lindbrook Capital LLC now owns 199 shares of the technology company's stock worth $52,000 after acquiring an additional 63 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in NICE by 4.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company's stock worth $367,000 after acquiring an additional 65 shares during the period. Financial Perspectives Inc boosted its stake in NICE by 17.8% in the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company's stock worth $98,000 after buying an additional 86 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of NICE by 72.1% during the 1st quarter. GAMMA Investing LLC now owns 210 shares of the technology company's stock valued at $55,000 after buying an additional 88 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Price Performance

NICE stock traded up $3.29 during mid-day trading on Friday, hitting $172.26. 198,787 shares of the company were exchanged, compared to its average volume of 511,359. The company has a market capitalization of $10.83 billion, a P/E ratio of 31.05, a PEG ratio of 1.35 and a beta of 1.04. The business's 50 day simple moving average is $171.12 and its two-hundred day simple moving average is $194.81. NICE Ltd. has a 12-month low of $149.54 and a 12-month high of $270.73. 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 (NASDAQ:NICE - Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping 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 business had revenue of $664.40 million for the quarter, compared to analysts' expectations of $664.10 million. During the same quarter last year, the company earned $1.63 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NICE shares. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 14th. Citigroup raised their price objective on NICE from $339.00 to $346.00 and gave the stock a "buy" rating in a research report on Wednesday, June 12th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price objective on shares of NICE in a report on Tuesday, August 13th. Finally, Piper Sandler decreased their price target on NICE from $238.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 10th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $269.64.

About NICE

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.