Standard Family Office LLC Sells 768 Shares of NICE Ltd. (NASDAQ:NICE)

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.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, May 13th. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.33. NICE had a net margin of 11.98% and a return on equity of 12.17%. Analysts predict that NICE Ltd. will post 4.86 EPS for the current year.

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 Profile

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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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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