NICE Ltd. (NASDAQ:NICE) Shares Sold by Tlwm

Tlwm lowered its stake in shares of NICE Ltd. (NASDAQ:NICE) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 3,550 shares of the technology company’s stock after selling 66 shares during the period. Tlwm’s holdings in NICE were worth $925,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janiczek Wealth Management LLC raised its position in NICE by 90.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 475 shares of the technology company’s stock valued at $124,000 after purchasing an additional 226 shares in the last quarter. Cooper Financial Group purchased a new stake in shares of NICE in the 1st quarter valued at approximately $465,000. BTC Capital Management Inc. acquired a new stake in shares of NICE in the 1st quarter valued at $789,000. Buckingham Capital Management Inc. acquired a new position in shares of NICE during the first quarter worth $1,446,000. Finally, Park Avenue Securities LLC boosted its position in shares of NICE by 263.8% during the 1st quarter. Park Avenue Securities LLC now owns 5,224 shares of the technology company’s stock worth $1,361,000 after acquiring an additional 3,788 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research report on Wednesday, June 12th. Rosenblatt Securities dropped their price objective on NICE from $285.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. Royal Bank of Canada decreased their target price on NICE from $265.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Wedbush restated an “outperform” rating and set a $250.00 price target on shares of NICE in a research note on Wednesday, June 12th. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. Fifteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE has an average rating of “Buy” and a consensus target price of $276.62.

NICE Price Performance

NICE stock traded up $6.12 during mid-day trading on Thursday, reaching $168.69. The company had a trading volume of 1,078,939 shares, compared to its average volume of 513,849. The stock’s 50-day simple moving average is $195.38 and its 200-day simple moving average is $214.49. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market capitalization of $10.61 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.32 and a beta of 1.03.

NICE (NASDAQ:NICE) last posted its earnings results on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The company had revenue of $659.31 million for the quarter, compared to analyst estimates of $654.81 million. On average, equities analysts predict that NICE Ltd. will post 8.4 EPS for the current year.

NICE Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.