NICE Ltd. (NASDAQ:NICE) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in NICE Ltd. (NASDAQ:NICE) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,000 shares of the technology company’s stock after acquiring an additional 2,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NICE were worth $2,599,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NICE. Sunbelt Securities Inc. purchased a new position in shares of NICE during the 1st quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of NICE during the 4th quarter valued at approximately $29,000. ST Germain D J Co. Inc. purchased a new position in shares of NICE during the 2nd quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of NICE during the 3rd quarter valued at approximately $37,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of NICE by 25.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock valued at $65,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of several research analyst reports. TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Citigroup raised their price objective on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. JMP Securities restated a “market outperform” rating and set a $343.00 price objective on shares of NICE in a research note on Friday, February 23rd. Royal Bank of Canada raised their price objective on NICE from $238.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Mizuho raised their price objective on NICE from $244.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $291.55.

NICE Stock Performance

NICE stock opened at $231.98 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 2.16 and a beta of 1.02. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $270.73. The stock’s fifty day moving average is $239.80 and its two-hundred day moving average is $205.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.10. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. NICE had a return on equity of 13.29% and a net margin of 14.23%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. On average, research analysts predict that NICE Ltd. will post 8.21 EPS for the current year.

NICE Company 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.