Cerity Partners LLC Acquires 3,584 Shares of Nice (NASDAQ:NICE)

Cerity Partners LLC boosted its stake in shares of Nice (NASDAQ:NICE) by 56.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,986 shares of the technology company’s stock after buying an additional 3,584 shares during the period. Cerity Partners LLC’s holdings in Nice were worth $1,540,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Nice in the fourth quarter valued at approximately $313,808,000. Menora Mivtachim Holdings LTD. lifted its position in shares of Nice by 2.3% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after buying an additional 36,865 shares during the last quarter. HMI Capital Management L.P. lifted its holdings in Nice by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after purchasing an additional 186,600 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Nice by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 650,056 shares of the technology company’s stock worth $110,406,000 after buying an additional 5,609 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Nice during the 1st quarter worth about $98,485,000. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of Nice in a research note on Wednesday, June 18th. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nice has an average rating of “Moderate Buy” and an average price target of $209.75.

Nice Stock Performance

Shares of NASDAQ NICE opened at $155.47 on Tuesday. Nice has a one year low of $137.19 and a one year high of $200.65. The firm has a market cap of $9.83 billion, a PE ratio of 17.20, a PEG ratio of 1.39 and a beta of 1.00. The firm has a fifty day moving average of $165.72 and a 200 day moving average of $160.56.

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

Nice Company 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.