HMI Capital LLC lowered its position in shares of Nice Ltd (NASDAQ:NICE) by 14.7% in the 3rd quarter, Holdings Channel reports. The fund owned 520,802 shares of the technology company’s stock after selling 90,000 shares during the period. Nice comprises 7.6% of HMI Capital LLC’s investment portfolio, making the stock its 6th biggest holding. HMI Capital LLC’s holdings in Nice were worth $59,616,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. FDx Advisors Inc. purchased a new stake in Nice during the third quarter valued at about $258,000. Altshuler Shaham Ltd purchased a new stake in Nice during the third quarter valued at about $51,910,000. FMR LLC lifted its stake in Nice by 25.1% during the third quarter. FMR LLC now owns 392,654 shares of the technology company’s stock valued at $44,947,000 after buying an additional 78,885 shares in the last quarter. BlackRock Inc. purchased a new stake in Nice during the third quarter valued at about $1,510,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Nice by 8.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,479 shares of the technology company’s stock valued at $743,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 45.15% of the company’s stock.
A number of brokerages have recently weighed in on NICE. Zacks Investment Research upgraded Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 target price on the stock in a report on Friday. Royal Bank of Canada upped their target price on Nice to $120.00 and gave the company a “market perform” rating in a report on Friday, November 9th. Wedbush began coverage on Nice in a report on Thursday, October 18th. They issued an “outperform” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, Barclays reiterated a “hold” rating and issued a $114.00 target price on shares of Nice in a report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.00.
Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Nice had a return on equity of 9.49% and a net margin of 12.37%. The firm had revenue of $356.45 million during the quarter, compared to analyst estimates of $350.67 million. On average, sell-side analysts anticipate that Nice Ltd will post 3.81 EPS for the current year.
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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.
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