State of Wyoming Sells 4,921 Shares of NiCE $NICE

State of Wyoming decreased its stake in NiCE (NASDAQ:NICE) by 89.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 560 shares of the technology company’s stock after selling 4,921 shares during the period. State of Wyoming’s holdings in NiCE were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NICE. Manchester Capital Management LLC bought a new position in shares of NiCE during the 4th quarter valued at approximately $39,000. V Square Quantitative Management LLC bought a new stake in NiCE during the 1st quarter worth approximately $40,000. Tower Research Capital LLC TRC bought a new stake in NiCE during the 2nd quarter worth approximately $40,000. Legal & General Group Plc purchased a new position in NiCE during the second quarter valued at approximately $65,000. Finally, MidFirst Bank purchased a new position in NiCE during the fourth quarter valued at approximately $69,000. Institutional investors own 63.34% of the company’s stock.

NiCE Stock Performance

NASDAQ NICE opened at $103.29 on Wednesday. The business’s 50 day moving average price is $93.92 and its 200-day moving average price is $103.20. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $156.37. The company has a market cap of $6.04 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.04 and a beta of 0.74.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.12. The company had revenue of $768.62 million during the quarter, compared to the consensus estimate of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.NiCE’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $2.87 earnings per share. As a group, equities analysts predict that NiCE will post 9.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NICE shares. DA Davidson raised NiCE from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Thursday, June 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price target on shares of NiCE in a report on Wednesday, June 10th. Citizens Jmp decreased their price target on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of NiCE in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price objective on shares of NiCE in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NiCE has a consensus rating of “Moderate Buy” and an average price target of $131.17.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.