3,025 Shares in Nice Ltd (NASDAQ:NICE) Bought by First Business Financial Services Inc.

First Business Financial Services Inc. bought a new position in shares of Nice Ltd (NASDAQ:NICE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,025 shares of the technology company’s stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pinnacle Bank raised its stake in Nice by 44.5% during the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Moors & Cabot Inc. raised its stake in Nice by 5.5% during the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the technology company’s stock worth $323,000 after buying an additional 138 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Nice by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 6,014 shares of the technology company’s stock worth $824,000 after buying an additional 139 shares during the last quarter. FDx Advisors Inc. increased its stake in Nice by 5.1% in the second quarter. FDx Advisors Inc. now owns 2,988 shares of the technology company’s stock valued at $409,000 after purchasing an additional 146 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new stake in Nice in the first quarter valued at $26,000. 45.49% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Nice to $166.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded shares of Nice from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their price target on shares of Nice from $117.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday, May 17th. Barclays lifted their price target on shares of Nice from $124.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, DA Davidson lifted their price target on shares of Nice to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $146.58.

NICE opened at $151.57 on Friday. Nice Ltd has a 1-year low of $100.54 and a 1-year high of $155.76. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.43 billion, a P/E ratio of 39.37, a P/E/G ratio of 3.42 and a beta of 0.74. The firm has a fifty day moving average of $144.03.

Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. The firm had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $375.18 million. Nice had a net margin of 11.63% and a return on equity of 10.83%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. As a group, analysts forecast that Nice Ltd will post 4.39 earnings per share for the current fiscal 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.

Further Reading: Different Types of Derivatives

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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