First Business Financial Services Inc. Has $282,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

First Business Financial Services Inc. lessened its stake in NICE Ltd. (NASDAQ:NICE) by 17.2% during the third quarter, Holdings Channel reports. The firm owned 1,625 shares of the technology company’s stock after selling 338 shares during the period. First Business Financial Services Inc.’s holdings in NICE were worth $282,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after buying an additional 107 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of NICE in the 3rd quarter worth approximately $38,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 116 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of NICE during the second quarter valued at approximately $72,000. Institutional investors own 63.34% of the company’s stock.

NICE Trading Down 8.5 %

Shares of NICE stock opened at $182.19 on Friday. The business has a 50-day moving average price of $172.66 and a two-hundred day moving average price of $178.70. The firm has a market cap of $11.45 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. NICE Ltd. has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $664.10 million. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. Equities analysts anticipate that NICE Ltd. will post 8.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NICE shares. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of NICE in a research note on Thursday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Barclays lowered their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, JMP Securities restated a “market outperform” rating and set a $300.00 target price on shares of NICE in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $267.00.

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.