Nice (NASDAQ:NICE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Nice (NASDAQ:NICE) by 35.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,212 shares of the technology company’s stock after selling 45,255 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Nice worth $12,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. McIlrath & Eck LLC lifted its stake in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Nice by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock valued at $405,000 after buying an additional 83 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Nice by 1.7% in the 4th quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 100 shares during the period. Finally, Townsquare Capital LLC increased its holdings in shares of Nice by 7.1% in the 4th quarter. Townsquare Capital LLC now owns 1,610 shares of the technology company’s stock valued at $273,000 after purchasing an additional 107 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Nice Trading Down 0.6%

Shares of NICE stock opened at $153.41 on Friday. Nice has a 1 year low of $137.19 and a 1 year high of $200.65. The firm’s fifty day simple moving average is $165.72 and its 200 day simple moving average is $160.62. The firm has a market capitalization of $9.70 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The firm had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. During the same quarter in the previous year, the company earned $2.58 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Nice will post 9.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NICE has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of Nice from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Morgan Stanley cut their price objective on shares of Nice from $235.00 to $202.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reaffirmed a “neutral” rating and set a $182.00 price objective (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.75.

Nice Profile

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.