Thrivent Financial for Lutherans Sells 705,218 Shares of NICE Ltd. (NASDAQ:NICE)

Thrivent Financial for Lutherans reduced its stake in shares of NICE Ltd. (NASDAQ:NICE) by 99.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,210 shares of the technology company’s stock after selling 705,218 shares during the period. Thrivent Financial for Lutherans’ holdings in NICE were worth $552,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NICE. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $32,000 after buying an additional 107 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of NICE during the first quarter valued at about $39,000. GAMMA Investing LLC grew its position in NICE by 72.1% during the 1st quarter. GAMMA Investing LLC now owns 210 shares of the technology company’s stock worth $55,000 after acquiring an additional 88 shares during the last quarter. UMB Bank n.a. increased its stake in shares of NICE by 72.4% in the first quarter. UMB Bank n.a. now owns 219 shares of the technology company’s stock worth $57,000 after buying an additional 92 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of NICE in the second quarter valued at about $72,000. Institutional investors own 63.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NICE. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of NICE in a research report on Thursday, October 3rd. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of NICE in a report on Wednesday, June 12th. Barclays dropped their price target on shares of NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Morgan Stanley reduced their price objective on NICE from $290.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of NICE in a research report on Tuesday, August 13th. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE currently has an average rating of “Buy” and a consensus target price of $269.64.

NICE Trading Down 2.2 %

Shares of NICE stock opened at $166.65 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The stock’s 50 day simple moving average is $169.22 and its 200-day simple moving average is $189.82. The stock has a market cap of $10.48 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.35 and a beta of 1.05. NICE Ltd. has a 1-year low of $149.54 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same period in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict that NICE Ltd. will post 8.5 EPS for the current fiscal 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 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.