Mediolanum International Funds Ltd Has $5.66 Million Stock Holdings in Nice (NASDAQ:NICE)

Mediolanum International Funds Ltd boosted its stake in Nice (NASDAQ:NICE) by 82.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,396 shares of the technology company’s stock after buying an additional 16,463 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Nice were worth $5,659,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC lifted its stake in shares of Nice by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Nice during the fourth quarter worth $25,000. McIlrath & Eck LLC raised its holdings in Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. NBC Securities Inc. bought a new position in Nice during the first quarter valued at about $34,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Nice in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

NICE has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Nice in a research report on Friday, June 20th. Wall Street Zen downgraded shares of Nice from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th. Morgan Stanley decreased their price target on shares of Nice from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $182.00 price objective (up from $153.00) on shares of Nice in a research note on Friday, June 13th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Nice presently has a consensus rating of “Moderate Buy” and an average price target of $209.75.

Nice Stock Performance

Shares of NICE opened at $162.42 on Monday. The firm has a market capitalization of $10.27 billion, a PE ratio of 22.65, a P/E/G ratio of 1.48 and a beta of 1.00. The stock has a 50 day simple moving average of $165.25 and a 200 day simple moving average of $160.30. Nice has a 52-week low of $137.19 and a 52-week high of $200.65.

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