Sigma Planning Corp Sells 128 Shares of NICE Ltd. (NASDAQ:NICE)

Sigma Planning Corp decreased its holdings in NICE Ltd. (NASDAQ:NICE) by 3.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,255 shares of the technology company’s stock after selling 128 shares during the period. Sigma Planning Corp’s holdings in NICE were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its stake in NICE by 4.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after buying an additional 65 shares in the last quarter. Aurora Investment Counsel grew its holdings in NICE by 0.7% in the second quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock worth $1,876,000 after purchasing an additional 80 shares during the last quarter. Financial Perspectives Inc grew its holdings in NICE by 17.8% in the second quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after purchasing an additional 86 shares during the last quarter. Mendota Financial Group LLC grew its holdings in NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock worth $146,000 after purchasing an additional 86 shares during the last quarter. Finally, Legacy Advisors LLC grew its holdings in NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of NICE in a report on Friday, August 16th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of NICE in a report on Friday, August 16th. Citigroup boosted their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday. Northland Securities dropped their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Finally, Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, NICE has a consensus rating of “Moderate Buy” and a consensus price target of $268.79.

NICE Price Performance

NASDAQ:NICE opened at $182.19 on Friday. NICE Ltd. has a one year low of $151.52 and a one year high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.56 and a beta of 1.04. The firm’s fifty day moving average is $172.66 and its two-hundred day moving average is $178.70.

NICE (NASDAQ:NICE) last issued 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. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Research analysts expect that NICE Ltd. will post 8.5 EPS for the current year.

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.