Standard Family Office LLC lessened its holdings in NICE Ltd. (NASDAQ:NICE) by 80.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189 shares of the technology company’s stock after selling 768 shares during the quarter. Standard Family Office LLC’s holdings in NICE were worth $41,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in NICE. First Trust Advisors LP bought a new stake in shares of NICE in the first quarter worth $705,000. Winslow Evans & Crocker Inc. bought a new position in shares of NICE in the fourth quarter valued at about $31,000. Cambridge Investment Research Advisors Inc. raised its position in shares of NICE by 6.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,361 shares of the technology company’s stock valued at $386,000 after purchasing an additional 86 shares during the period. Altium Wealth Management LLC raised its position in shares of NICE by 2.7% in the fourth quarter. Altium Wealth Management LLC now owns 3,110 shares of the technology company’s stock valued at $882,000 after purchasing an additional 83 shares during the period. Finally, Knowledge Leaders Capital LLC bought a new position in shares of NICE in the fourth quarter valued at about $817,000. 62.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ NICE opened at $227.04 on Friday. The firm has a 50 day simple moving average of $229.28. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 4.12 and a beta of 0.78. NICE Ltd. has a 1 year low of $181.76 and a 1 year high of $288.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16.
Several equities analysts have recently weighed in on NICE shares. Citigroup dropped their price objective on shares of NICE from $312.00 to $296.00 and set a “buy” rating on the stock in a research report on Friday, May 14th. They noted that the move was a valuation call. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research note on Friday, May 7th. JPMorgan Chase & Co. upgraded shares of NICE from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $261.00 to $260.00 in a research note on Wednesday. Zacks Investment Research downgraded shares of NICE from a “hold” rating to a “sell” rating in a research note on Thursday, May 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $290.00 price target on shares of NICE in a research note on Thursday, February 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. NICE currently has a consensus rating of “Buy” and an average price target of $288.85.
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.
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