Vontobel Holding Ltd. Increases Stake in NICE Ltd. (NASDAQ:NICE)

Vontobel Holding Ltd. lifted its stake in shares of NICE Ltd. (NASDAQ:NICE) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,887 shares of the technology company’s stock after acquiring an additional 78 shares during the period. Vontobel Holding Ltd.’s holdings in NICE were worth $376,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TimesSquare Capital Management LLC lifted its holdings in shares of NICE by 2.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 369,928 shares of the technology company’s stock worth $62,888,000 after acquiring an additional 9,053 shares during the period. Shelton Capital Management raised its holdings in NICE by 274.5% in the third quarter. Shelton Capital Management now owns 6,685 shares of the technology company’s stock valued at $1,136,000 after buying an additional 4,900 shares during the period. Altshuler Shaham Ltd raised its holdings in NICE by 60.0% in the third quarter. Altshuler Shaham Ltd now owns 8,722 shares of the technology company’s stock valued at $1,471,000 after buying an additional 3,270 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in NICE by 4.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,018 shares of the technology company’s stock valued at $853,000 after buying an additional 228 shares during the period. Finally, Van ECK Associates Corp raised its holdings in NICE by 6.8% in the third quarter. Van ECK Associates Corp now owns 17,610 shares of the technology company’s stock valued at $2,994,000 after buying an additional 1,120 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Stock Up 1.8 %

NICE stock opened at $228.43 on Wednesday. NICE Ltd. has a twelve month low of $149.54 and a twelve month high of $270.73. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $14.36 billion, a P/E ratio of 44.88, a PEG ratio of 2.02 and a beta of 1.02. The firm has a 50 day simple moving average of $241.39 and a 200-day simple moving average of $208.92.

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

Analyst Upgrades and Downgrades

NICE has been the topic of several research reports. Barclays raised their price target on shares of NICE from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Mizuho raised their price target on shares of NICE from $244.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Rosenblatt Securities assumed coverage on shares of NICE in a research note on Tuesday. They set a “buy” rating and a $285.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Thirteen analysts have rated the stock with a buy rating, According to MarketBeat, NICE currently has a consensus rating of “Buy” and an average target price of $291.00.

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.