River & Mercantile Asset Management LLP bought a new stake in Nice Ltd (NASDAQ:NICE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 500 shares of the technology company’s stock, valued at approximately $69,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bank lifted its stake in Nice by 44.5% in the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after acquiring an additional 97 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Nice by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,014 shares of the technology company’s stock worth $824,000 after purchasing an additional 139 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of Nice by 5.1% during the 2nd quarter. FDx Advisors Inc. now owns 2,988 shares of the technology company’s stock worth $409,000 after purchasing an additional 146 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Nice by 4.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,140 shares of the technology company’s stock worth $430,000 after purchasing an additional 147 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Nice by 6.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 2,567 shares of the technology company’s stock worth $352,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 48.02% of the company’s stock.
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Morgan Stanley set a $140.00 price objective on shares of Nice and gave the stock a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research lowered shares of Nice from a “buy” rating to a “hold” rating in a research report on Thursday. JMP Securities boosted their price objective on shares of Nice from $164.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. Finally, ValuEngine lowered shares of Nice from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $153.92.
NASDAQ:NICE opened at $153.93 on Friday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.76. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $149.47 and its two-hundred day moving average is $141.77. Nice Ltd has a 12-month low of $100.54 and a 12-month high of $155.76.
Nice (NASDAQ:NICE) last released its earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.02. The company had revenue of $381.40 million for the quarter, compared to analyst estimates of $378.80 million. Nice had a net margin of 11.85% and a return on equity of 12.09%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. On average, equities research analysts forecast that Nice Ltd will post 4.42 earnings per share for the current fiscal year.
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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