Aigen Investment Management LP Cuts Stock Position in NICE Ltd. (NASDAQ:NICE)

Aigen Investment Management LP lessened its stake in shares of NICE Ltd. (NASDAQ:NICE) by 61.0% during the 3rd quarter, Holdings Channel reports. The firm owned 4,010 shares of the technology company’s stock after selling 6,280 shares during the quarter. Aigen Investment Management LP’s holdings in NICE were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in NICE during the 2nd quarter worth approximately $516,000. Diversified Trust Co grew its position in NICE by 237.9% during the 2nd quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 4,561 shares during the last quarter. Capital World Investors purchased a new stake in NICE during the 1st quarter worth approximately $9,699,000. Asset Management One Co. Ltd. grew its position in NICE by 13.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its position in NICE by 6.4% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after purchasing an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Performance

NASDAQ:NICE opened at $199.17 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The company has a fifty day moving average of $172.27 and a two-hundred day moving average of $178.68. The stock has a market capitalization of $12.52 billion, a PE ratio of 33.25, a P/E/G ratio of 1.56 and a beta of 1.04. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, research analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday. 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 report on Thursday, July 25th. 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 report on Friday, August 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Thursday, October 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $268.79.

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.