Sumitomo Mitsui Trust Holdings Inc. lowered its position in Nice Ltd (NASDAQ:NICE) by 20.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,631 shares of the technology company’s stock after selling 11,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Nice were worth $5,223,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. grew its holdings in Nice by 5.5% during the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the technology company’s stock valued at $323,000 after purchasing an additional 138 shares during the last quarter. Citigroup Inc. grew its holdings in Nice by 1.1% during the fourth quarter. Citigroup Inc. now owns 15,143 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 168 shares during the last quarter. Dorsey Wright & Associates grew its holdings in Nice by 0.3% during the first quarter. Dorsey Wright & Associates now owns 57,958 shares of the technology company’s stock valued at $7,100,000 after purchasing an additional 191 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in Nice during the first quarter valued at approximately $26,000. Finally, Tlwm grew its holdings in Nice by 3.4% during the fourth quarter. Tlwm now owns 6,405 shares of the technology company’s stock valued at $680,000 after purchasing an additional 210 shares during the last quarter.

NICE opened at $139.85 on Friday. Nice Ltd has a 1-year low of $100.54 and a 1-year high of $146.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $8.43 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.86.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.27. Nice had a return on equity of 10.83% and a net margin of 11.63%. The company had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $375.18 million. During the same period in the prior year, the business earned $1.03 earnings per share. Nice’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Nice Ltd will post 4.39 EPS for the current year.

Several brokerages have commented on NICE. Citigroup increased their price target on Nice from $117.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Jefferies Financial Group increased their price target on Nice to $166.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Morgan Stanley increased their price target on Nice from $117.00 to $128.00 and gave the company an “equal weight” rating in a report on Friday, May 17th. JMP Securities increased their price target on Nice from $140.00 to $164.00 and gave the company a “market outperform” rating in a report on Friday, May 17th. Finally, DA Davidson increased their price target on Nice to $140.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Nice has a consensus rating of “Buy” and a consensus price target of $145.25.

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Nice Company Profile

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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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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