Bank of Montreal Can Sells 541 Shares of NiCE $NICE

Bank of Montreal Can reduced its holdings in NiCE (NASDAQ:NICE) by 3.9% in the 2nd quarter, Holdings Channel reports. The fund owned 13,214 shares of the technology company’s stock after selling 541 shares during the quarter. Bank of Montreal Can’s holdings in NiCE were worth $2,232,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NICE. Ceera Investments LLC increased its stake in NiCE by 2.4% during the 2nd quarter. Ceera Investments LLC now owns 48,797 shares of the technology company’s stock worth $8,242,000 after purchasing an additional 1,147 shares in the last quarter. Meridian Management Co. boosted its position in shares of NiCE by 14.3% during the second quarter. Meridian Management Co. now owns 19,923 shares of the technology company’s stock worth $3,109,000 after buying an additional 2,499 shares during the period. Atria Investments Inc raised its position in NiCE by 11.2% in the 2nd quarter. Atria Investments Inc now owns 1,791 shares of the technology company’s stock valued at $303,000 after buying an additional 180 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in NiCE by 1,388.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock valued at $68,000 after acquiring an additional 375 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in NiCE by 3.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company’s stock worth $309,389,000 after acquiring an additional 65,420 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NICE shares. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of NiCE in a research report on Tuesday, August 26th. Morgan Stanley set a $193.00 price target on shares of NiCE in a research note on Tuesday, October 21st. Jefferies Financial Group reissued a “hold” rating and set a $152.00 price target on shares of NiCE in a research report on Sunday, October 12th. DA Davidson lowered their target price on NiCE from $195.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Finally, Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.25.

NiCE Stock Down 1.2%

NASDAQ:NICE opened at $124.26 on Thursday. NiCE has a 12-month low of $122.94 and a 12-month high of $200.65. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.16 and a beta of 0.98. The stock’s 50 day moving average price is $137.65 and its two-hundred day moving average price is $151.24.

NiCE (NASDAQ:NICE) last posted its earnings results on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.02. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The business had revenue of $726.71 million for the quarter, compared to analyst estimates of $713.18 million. During the same period in the previous year, the firm earned $2.64 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that NiCE will post 9.85 EPS for the current year.

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 enables 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.