Daiwa Securities Group Inc. Has $131,000 Position in NICE Ltd. (NASDAQ:NICE)

Daiwa Securities Group Inc. reduced its stake in shares of NICE Ltd. (NASDAQ:NICE) by 89.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 760 shares of the technology company’s stock after selling 6,480 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NICE were worth $131,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank acquired a new stake in NICE in the second quarter valued at approximately $516,000. Eagle Asset Management Inc. lifted its stake in NICE by 34.9% in the fourth quarter. Eagle Asset Management Inc. now owns 35,717 shares of the technology company’s stock valued at $7,126,000 after acquiring an additional 9,241 shares during the last quarter. Diversified Trust Co lifted its stake in NICE by 237.9% in the second quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 4,561 shares during the last quarter. Capital World Investors acquired a new stake in NICE in the first quarter valued at approximately $9,699,000. Finally, Corient Private Wealth LLC lifted its stake in NICE by 93.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,317 shares of the technology company’s stock valued at $1,061,000 after acquiring an additional 2,566 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NICE. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of NICE in a research note on Wednesday, June 12th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Northland Securities decreased their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, August 16th. Piper Sandler dropped their target price on shares of NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, William Blair restated an “outperform” rating on shares of NICE in a report on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $269.64.

NICE Stock Up 0.8 %

Shares of NICE stock opened at $162.75 on Wednesday. The stock has a market cap of $10.23 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. NICE Ltd. has a one year low of $149.54 and a one year high of $270.73. The stock has a fifty day moving average price of $172.61 and a 200 day moving average price of $198.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. The firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. NICE’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 earnings per share. Analysts predict that NICE Ltd. will post 8.5 earnings per share for the current year.

About NICE

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.