DekaBank Deutsche Girozentrale Purchases New Holdings in Nice Ltd (NASDAQ:NICE)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Nice Ltd (NASDAQ:NICE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,000 shares of the technology company’s stock, valued at approximately $1,237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wetherby Asset Management Inc. increased its position in Nice by 3.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,644 shares of the technology company’s stock worth $410,000 after buying an additional 83 shares during the last quarter. Parallel Advisors LLC increased its position in Nice by 6.3% in the third quarter. Parallel Advisors LLC now owns 1,494 shares of the technology company’s stock worth $215,000 after buying an additional 88 shares during the last quarter. Quadrant Capital Group LLC increased its position in Nice by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,810 shares of the technology company’s stock worth $272,000 after buying an additional 90 shares during the last quarter. Pacer Advisors Inc. increased its position in Nice by 51.3% in the third quarter. Pacer Advisors Inc. now owns 354 shares of the technology company’s stock worth $51,000 after buying an additional 120 shares during the last quarter. Finally, CWM LLC increased its position in Nice by 37.4% in the fourth quarter. CWM LLC now owns 599 shares of the technology company’s stock worth $93,000 after buying an additional 163 shares during the last quarter. 49.35% of the stock is owned by institutional investors.

NICE has been the subject of several recent research reports. Wedbush lifted their price target on Nice from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer reiterated a “buy” rating and issued a $193.00 price target on shares of Nice in a research report on Thursday. Zacks Investment Research cut Nice from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut Nice from an “overweight” rating to a “neutral” rating and set a $163.00 price target for the company. in a research report on Monday, January 27th. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on Nice from $156.00 to $193.00 and gave the company a “neutral” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Nice currently has a consensus rating of “Hold” and an average price target of $180.25.

Shares of NASDAQ NICE opened at $179.09 on Friday. The stock has a market cap of $11.06 billion, a PE ratio of 61.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.69. Nice Ltd has a fifty-two week low of $112.60 and a fifty-two week high of $182.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $168.81 and a 200-day moving average of $156.01.

Nice (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, November 14th. The technology company reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.04). The company had revenue of $387.13 million during the quarter, compared to analysts’ expectations of $385.04 million. Nice had a net margin of 11.99% and a return on equity of 13.14%. On average, sell-side analysts predict that Nice Ltd will post 4.36 EPS for the current year.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.

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Institutional Ownership by Quarter for Nice (NASDAQ:NICE)

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