Inverness Counsel LLC NY boosted its holdings in Nice Ltd (NASDAQ:NICE) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,225 shares of the technology company’s stock after acquiring an additional 901 shares during the quarter. Inverness Counsel LLC NY owned about 0.07% of Nice worth $4,605,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in NICE. First Hawaiian Bank acquired a new stake in Nice in the third quarter valued at $126,000. Vigilant Capital Management LLC acquired a new stake in Nice in the second quarter valued at $125,000. West Coast Financial LLC acquired a new stake in Nice in the third quarter valued at $201,000. Valmark Advisers Inc. acquired a new stake in Nice in the second quarter valued at $208,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Nice in the second quarter valued at $239,000. Hedge funds and other institutional investors own 45.34% of the company’s stock.
Several analysts have weighed in on NICE shares. Jefferies Financial Group upped their target price on Nice to $132.00 and gave the company a “buy” rating in a report on Thursday, September 20th. They noted that the move was a valuation call. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Barclays reaffirmed a “hold” rating and set a $114.00 price objective on shares of Nice in a research note on Friday, August 10th. Zacks Investment Research lowered Nice from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. increased their price objective on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nice currently has a consensus rating of “Buy” and an average price target of $112.00.
Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Nice had a return on equity of 9.15% and a net margin of 11.73%. The business had revenue of $345.41 million for the quarter, compared to analysts’ expectations of $342.49 million. As a group, sell-side analysts anticipate that Nice Ltd will post 2.56 EPS for the current year.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.
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