NICE Ltd. (NASDAQ:NICE) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its position in shares of NICE Ltd. (NASDAQ:NICE) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,450 shares of the technology company’s stock after selling 300 shares during the period. Highland Capital Management LLC’s holdings in NICE were worth $593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its holdings in NICE by 4.0% in the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock valued at $1,350,367,000 after purchasing an additional 201,035 shares in the last quarter. Capital International Investors increased its holdings in NICE by 16.2% in the 4th quarter. Capital International Investors now owns 2,135,753 shares of the technology company’s stock valued at $426,402,000 after purchasing an additional 298,112 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in NICE by 171.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,434,450 shares of the technology company’s stock valued at $286,564,000 after purchasing an additional 905,612 shares in the last quarter. William Blair Investment Management LLC increased its holdings in NICE by 12.3% in the 1st quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock valued at $355,631,000 after purchasing an additional 149,149 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of NICE by 2.1% during the first quarter. Bessemer Group Inc. now owns 965,400 shares of the technology company’s stock worth $251,602,000 after purchasing an additional 19,903 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NICE shares. Barclays dropped their price objective on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. William Blair reiterated an “outperform” rating on shares of NICE in a research note on Wednesday, June 12th. Northland Securities dropped their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of NICE in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group dropped their price target on shares of NICE from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE presently has an average rating of “Buy” and an average price target of $269.64.

NICE Trading Up 1.2 %

Shares of NICE stock traded up $2.13 during trading on Friday, hitting $178.26. The stock had a trading volume of 216,257 shares, compared to its average volume of 518,913. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The stock has a 50 day simple moving average of $172.49 and a 200 day simple moving average of $205.57. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.21 billion, a PE ratio of 32.18, a P/E/G ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. NICE had a net margin of 14.92% and a return on equity of 14.05%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. On average, research analysts expect that NICE Ltd. will post 8.4 EPS for the current fiscal year.

NICE Company 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.