NiCE $NICE Stock: New South Capital Management Inc. Lowers Stake

New South Capital Management Inc. cut its holdings in NiCE (NASDAQ:NICE) by 36.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 157,367 shares of the technology company’s stock after selling 89,635 shares during the quarter. NiCE accounts for 1.2% of New South Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. New South Capital Management Inc. owned about 0.27% of NiCE worth $17,510,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of NiCE by 16.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock worth $113,366,000 after buying an additional 148,113 shares during the period. Private Management Group Inc. lifted its position in shares of NiCE by 0.7% during the 3rd quarter. Private Management Group Inc. now owns 368,464 shares of the technology company’s stock valued at $40,999,000 after acquiring an additional 2,485 shares during the period. Kopernik Global Investors LLC acquired a new position in shares of NiCE during the 1st quarter valued at $27,670,000. Sei Investments Co. grew its holdings in NiCE by 10.6% in the first quarter. Sei Investments Co. now owns 194,717 shares of the technology company’s stock worth $21,468,000 after purchasing an additional 18,631 shares during the period. Finally, Bank of America Corp DE grew its holdings in NiCE by 27.8% in the first quarter. Bank of America Corp DE now owns 173,896 shares of the technology company’s stock worth $19,174,000 after purchasing an additional 37,865 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Trading Up 0.5%

NICE opened at $94.23 on Thursday. NiCE has a 1-year low of $83.10 and a 1-year high of $136.52. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.02 and a beta of 0.77. The company’s fifty day moving average price is $109.92 and its two-hundred day moving average price is $104.53.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.06. The firm had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $785.75 million. NiCE had a net margin of 12.01% and a return on equity of 14.34%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $3.18 earnings per share. As a group, equities analysts forecast that NiCE will post 8.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NICE has been the subject of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of NiCE from $145.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of NiCE in a research report on Thursday, August 6th. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Citigroup reaffirmed a “market outperform” rating on shares of NiCE in a research report on Thursday, November 5th. Finally, Citizens Jmp dropped their price target on NiCE from $170.00 to $158.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 5th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, NiCE currently has a consensus rating of “Moderate Buy” and an average target price of $129.79.

NiCE Company Profile

NiCE Ltd. (NASDAQ: NICE), formerly known as NICE Systems, is a software company founded in Israel in 1986. It develops cloud-based and artificial intelligence-powered tools for businesses and public-sector organizations. Its products help organizations manage customer service across phone, chat and other digital channels, analyze customer interactions, and support contact-center operations. The company’s offerings include NICE CXone for customer experience and contact-center management, as well as NICE Actimize, which provides financial crime, risk and compliance software.