Eqis Capital Management Inc. lowered its stake in NICE Ltd. (NASDAQ:NICE) by 16.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,377 shares of the technology company’s stock after selling 475 shares during the quarter. Eqis Capital Management Inc.’s holdings in NICE were worth $540,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NICE. First Trust Advisors LP purchased a new stake in NICE in the first quarter worth $705,000. Morgan Stanley boosted its holdings in NICE by 9.8% in the first quarter. Morgan Stanley now owns 136,051 shares of the technology company’s stock worth $19,532,000 after acquiring an additional 12,174 shares in the last quarter. SG Americas Securities LLC boosted its holdings in NICE by 17.5% in the second quarter. SG Americas Securities LLC now owns 8,041 shares of the technology company’s stock worth $1,522,000 after acquiring an additional 1,200 shares in the last quarter. Strs Ohio boosted its holdings in NICE by 10.5% in the second quarter. Strs Ohio now owns 82,850 shares of the technology company’s stock worth $15,678,000 after acquiring an additional 7,850 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in NICE in the second quarter worth $236,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.
NICE stock opened at $239.53 on Friday. NICE Ltd. has a fifty-two week low of $110.59 and a fifty-two week high of $255.48. The business’s 50-day moving average is $234.71 and its two-hundred day moving average is $209.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 79.05, a P/E/G ratio of 5.04 and a beta of 0.78.
NICE (NASDAQ:NICE) last posted its earnings results on Thursday, November 12th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. NICE had a return on equity of 12.82% and a net margin of 12.21%. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $408.04 million. During the same quarter in the prior year, the company earned $1.30 earnings per share. NICE’s revenue was up 6.5% on a year-over-year basis. Equities analysts predict that NICE Ltd. will post 4.6 earnings per share for the current year.
Several research firms have commented on NICE. Rosenblatt Securities boosted their target price on NICE from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, November 13th. JPMorgan Chase & Co. raised NICE from an “underweight” rating to a “neutral” rating and upped their price target for the company from $210.00 to $261.00 in a report on Thursday, November 12th. Bank of America began coverage on NICE in a report on Tuesday, November 3rd. They set a “buy” rating and a $280.00 price target on the stock. Zacks Investment Research downgraded NICE from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price target on NICE from $265.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $249.82.
NICE Company Profile
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.
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