Morgan Stanley lifted its holdings in Nice Ltd (NASDAQ:NICE) by 9.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,051 shares of the technology company’s stock after buying an additional 12,174 shares during the quarter. Morgan Stanley owned about 0.22% of Nice worth $19,532,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Wrapmanager Inc. grew its position in shares of Nice by 3.9% during the 1st quarter. Wrapmanager Inc. now owns 1,807 shares of the technology company’s stock worth $259,000 after buying an additional 67 shares during the period. Signaturefd LLC lifted its holdings in shares of Nice by 10.9% during the 1st quarter. Signaturefd LLC now owns 824 shares of the technology company’s stock valued at $118,000 after purchasing an additional 81 shares in the last quarter. Parallel Advisors LLC lifted its stake in Nice by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 1,497 shares of the technology company’s stock valued at $214,000 after acquiring an additional 84 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Nice by 5.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,810 shares of the technology company’s stock valued at $272,000 after acquiring an additional 90 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Nice by 100.0% during the 4th quarter. Quantbot Technologies LP now owns 200 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. 52.06% of the stock is owned by institutional investors and hedge funds.
Shares of NICE opened at $185.62 on Wednesday. Nice Ltd has a 1 year low of $110.59 and a 1 year high of $198.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 41.62, a price-to-earnings-growth ratio of 3.92 and a beta of 0.78. The business has a 50-day moving average of $184.88 and a 200-day moving average of $167.06.
A number of brokerages have recently issued reports on NICE. Oppenheimer upped their price objective on Nice from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a report on Thursday, June 18th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Nice in a report on Sunday, May 17th. JPMorgan Chase & Co. lowered Nice from a “neutral” rating to an “underweight” rating and set a $172.00 target price on the stock. in a report on Friday, June 26th. Finally, Jefferies Financial Group increased their target price on Nice from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $188.09.
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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