Tlwm Sells 226 Shares of NICE Ltd. (NASDAQ:NICE)

Tlwm reduced its stake in shares of NICE Ltd. (NASDAQ:NICE) by 6.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,380 shares of the technology company’s stock after selling 226 shares during the period. Tlwm’s holdings in NICE were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NICE. Fulton Bank N.A. purchased a new position in shares of NICE in the third quarter valued at about $215,000. GAMMA Investing LLC lifted its holdings in NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Park Avenue Securities LLC boosted its stake in NICE by 40.9% in the 3rd quarter. Park Avenue Securities LLC now owns 7,295 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 2,118 shares during the period. SG Americas Securities LLC grew its holdings in NICE by 67.5% during the 3rd quarter. SG Americas Securities LLC now owns 5,237 shares of the technology company’s stock valued at $910,000 after buying an additional 2,110 shares in the last quarter. Finally, Davis Capital Management grew its holdings in NICE by 7.1% during the 3rd quarter. Davis Capital Management now owns 4,860 shares of the technology company’s stock valued at $844,000 after buying an additional 324 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Down 0.4 %

Shares of NASDAQ NICE opened at $170.39 on Tuesday. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.35 and a beta of 1.05. The stock has a 50 day moving average price of $169.49 and a 200 day moving average price of $190.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45.

NICE (NASDAQ:NICE) last released 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. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that NICE Ltd. will post 8.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 target price on shares of NICE in a report on Friday, August 16th. Piper Sandler cut their target price on NICE from $238.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Citigroup raised their price target on NICE from $339.00 to $346.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $269.64.

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.