Wells Fargo & Company MN decreased its position in shares of Nice Ltd (NASDAQ:NICE) by 17.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,628 shares of the technology company’s stock after selling 15,231 shares during the period. Wells Fargo & Company MN owned 0.12% of Nice worth $7,641,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments LLC boosted its position in Nice by 23.6% during the second quarter. Atria Investments LLC now owns 3,271 shares of the technology company’s stock valued at $339,000 after purchasing an additional 624 shares during the last quarter. Vigilant Capital Management LLC acquired a new stake in Nice during the second quarter valued at $125,000. Ostrum Asset Management acquired a new stake in shares of Nice in the first quarter worth about $166,000. Janney Montgomery Scott LLC acquired a new stake in shares of Nice in the second quarter worth about $239,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Nice in the first quarter worth about $262,000. 45.41% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NICE traded down $0.44 on Friday, reaching $111.34. The company had a trading volume of 71,572 shares, compared to its average volume of 191,180. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $6.97 billion, a P/E ratio of 48.20, a P/E/G ratio of 4.40 and a beta of 0.74. Nice Ltd has a twelve month low of $78.49 and a twelve month high of $119.83.
Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $345.41 million during the quarter, compared to the consensus estimate of $342.49 million. Nice had a return on equity of 9.15% and a net margin of 11.73%. As a group, research analysts expect that Nice Ltd will post 2.56 EPS for the current fiscal year.
A number of brokerages have weighed in on NICE. BidaskClub cut Nice from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised Nice from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research report on Wednesday, August 15th. Jefferies Financial Group boosted their price target on Nice to $132.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. DA Davidson began coverage on Nice in a research report on Friday, June 22nd. They issued a “neutral” rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $110.00.
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.
Featured Article: Initial Public Offering (IPO)
Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.