NICE Ltd. (NASDAQ:NICE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in shares of NICE Ltd. (NASDAQ:NICE - Free Report) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,226 shares of the technology company's stock after selling 9,459 shares during the quarter. New York State Common Retirement Fund owned 0.14% of NICE worth $15,496,000 as of its most recent SEC filing.

Other hedge funds 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. Richardson Financial Services Inc. purchased a new stake in NICE during the first quarter worth $39,000. Csenge Advisory Group boosted its position in NICE by 119.3% during the 1st quarter. Csenge Advisory Group now owns 2,252 shares of the technology company's stock valued at $587,000 after acquiring an additional 1,225 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of NICE by 10.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,538 shares of the technology company's stock valued at $922,000 after acquiring an additional 344 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of NICE by 127.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,331 shares of the technology company's stock worth $1,129,000 after purchasing an additional 2,423 shares during the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Price Performance

Shares of NICE stock traded up $3.78 on Wednesday, reaching $175.28. The company's stock had a trading volume of 477,120 shares, compared to its average volume of 451,795. NICE Ltd. has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a market capitalization of $11.02 billion, a P/E ratio of 29.26, a PEG ratio of 1.37 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $170.14 and a 200-day moving average price of $179.95.

NICE (NASDAQ:NICE - Get Free Report) last posted 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. The company had revenue of $664.40 million during the quarter, compared to analysts' expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. Analysts expect that NICE Ltd. will post 8.5 EPS for the current year.

Analyst Ratings Changes

NICE has been the subject of a number of analyst reports. Barclays decreased their target price on shares of NICE from $320.00 to $286.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Northland Securities reduced their target price on NICE from $305.00 to $275.00 and set an "outperform" rating on the stock in a research report on Friday, August 16th. Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of NICE in a research note on Tuesday, August 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $300.00 price objective on shares of NICE in a research report on Friday, August 16th. Finally, Piper Sandler cut their price target on shares of NICE from $238.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 10th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target 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.