Quadrature Capital Ltd purchased a new position in Nice Ltd (NASDAQ:NICE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,587 shares of the technology company’s stock, valued at approximately $1,625,000.
Other large investors also recently bought and sold shares of the company. First Trust Advisors LP purchased a new position in Nice in the first quarter worth $705,000. Janney Montgomery Scott LLC grew its position in Nice by 16.9% in the first quarter. Janney Montgomery Scott LLC now owns 4,378 shares of the technology company’s stock worth $629,000 after acquiring an additional 633 shares in the last quarter. Comerica Bank grew its position in Nice by 108.6% in the first quarter. Comerica Bank now owns 7,102 shares of the technology company’s stock worth $1,171,000 after acquiring an additional 3,698 shares in the last quarter. SG Americas Securities LLC grew its position in Nice by 30.0% in the first quarter. SG Americas Securities LLC now owns 6,841 shares of the technology company’s stock worth $982,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Creative Planning grew its position in Nice by 10.1% in the first quarter. Creative Planning now owns 4,303 shares of the technology company’s stock worth $618,000 after acquiring an additional 396 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors.
NICE has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of Nice in a research report on Thursday, May 14th. Jefferies Financial Group upped their price target on shares of Nice from $195.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and set a $230.00 price target on shares of Nice in a research report on Tuesday, August 11th. BidaskClub upgraded shares of Nice from a “hold” rating to a “buy” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Nice from a “neutral” rating to an “underweight” rating and set a $172.00 price target for the company. in a research report on Friday, June 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $208.00.
Shares of NASDAQ:NICE traded down $1.67 during midday trading on Friday, hitting $220.74. 273,107 shares of the stock traded hands, compared to its average volume of 251,433. The stock has a market capitalization of $13.77 billion, a PE ratio of 72.85, a P/E/G ratio of 4.80 and a beta of 0.82. The business’s 50 day moving average is $215.05 and its two-hundred day moving average is $181.46. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.09. Nice Ltd has a one year low of $110.59 and a one year high of $238.35.
Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $395.10 million during the quarter, compared to the consensus estimate of $392.14 million. Nice had a net margin of 12.21% and a return on equity of 12.82%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, sell-side analysts forecast that Nice Ltd will post 4.6 earnings per share for the current year.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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