D.A. Davidson & CO. Trims Stock Position in NICE Ltd. (NASDAQ:NICE)

D.A. Davidson & CO. trimmed its position in NICE Ltd. (NASDAQ:NICEFree Report) by 10.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,026 shares of the technology company’s stock after selling 803 shares during the quarter. D.A. Davidson & CO.’s holdings in NICE were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in NICE in the 1st quarter worth approximately $32,000. ST Germain D J Co. Inc. bought a new position in NICE in the 2nd quarter worth approximately $43,000. EverSource Wealth Advisors LLC boosted its stake in NICE by 329.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 296 shares of the technology company’s stock worth $61,000 after purchasing an additional 227 shares during the period. Loomis Sayles & Co. L P boosted its stake in NICE by 25.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after purchasing an additional 60 shares during the period. Finally, Ronald Blue Trust Inc. boosted its stake in NICE by 146.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 474 shares of the technology company’s stock worth $81,000 after purchasing an additional 282 shares during the period. 63.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NICE has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $238.00 price target on shares of NICE in a research note on Friday, November 17th. JMP Securities restated a “market outperform” rating and issued a $343.00 price target on shares of NICE in a research note on Thursday, February 1st. Northland Securities initiated coverage on NICE in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $300.00 price target for the company. TheStreet upgraded NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.30.

View Our Latest Stock Analysis on NICE

NICE Price Performance

NICE stock opened at $221.10 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $14.07 billion, a P/E ratio of 44.94, a P/E/G ratio of 2.23 and a beta of 0.99. The business’s 50-day moving average is $205.64 and its two-hundred day moving average is $191.43. NICE Ltd. has a 1 year low of $149.54 and a 1 year high of $231.54.

NICE (NASDAQ:NICEGet Free Report) last issued its earnings results on Thursday, November 16th. The technology company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.12. NICE had a return on equity of 13.06% and a net margin of 14.11%. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $595.00 million. During the same quarter last year, the company earned $1.41 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts anticipate that NICE Ltd. will post 6.64 earnings per share for the current fiscal year.

NICE Company Profile

(Free Report)

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 CX that discovers automation opportunities for self-service; digital-entry points solutions that 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.

See Also

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Institutional Ownership by Quarter for NICE (NASDAQ:NICE)

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