Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Nice (NASDAQ:NICE)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Nice (NASDAQ:NICE) by 63.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,073 shares of the technology company’s stock after buying an additional 2,365 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Nice were worth $936,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. McIlrath & Eck LLC boosted its stake in Nice by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Nice by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock worth $405,000 after purchasing an additional 83 shares in the last quarter. Aurora Investment Counsel raised its holdings in Nice by 0.8% during the first quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock worth $1,859,000 after purchasing an additional 96 shares in the last quarter. Anchor Investment Management LLC increased its holdings in Nice by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Nice by 1.7% in the fourth quarter. Baird Financial Group Inc. now owns 6,059 shares of the technology company’s stock valued at $1,029,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Nice Stock Performance

Shares of Nice stock opened at $147.99 on Thursday. The firm’s 50-day simple moving average is $162.22 and its 200-day simple moving average is $159.42. Nice has a twelve month low of $137.19 and a twelve month high of $200.65. The firm has a market cap of $9.36 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98.

Nice (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.03. Nice had a net margin of 16.77% and a return on equity of 16.37%. The firm had revenue of $700.19 million during the quarter, compared to the consensus estimate of $699.46 million. During the same period last year, the firm posted $2.58 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Nice will post 9.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Nice in a research note on Friday, June 20th. Citigroup decreased their price target on shares of Nice from $214.00 to $211.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 target price on shares of Nice in a report on Wednesday, June 18th. JMP Securities restated a “market outperform” rating and set a $300.00 target price on shares of Nice in a report on Tuesday, July 29th. Finally, DA Davidson upgraded shares of Nice to a “hold” rating in a report on Tuesday, July 29th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.75.

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.