NICE Ltd. (NASDAQ:NICE) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,887 shares of the technology company’s stock after buying an additional 78 shares during the quarter. Vontobel Holding Ltd.’s holdings in NICE were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NICE. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of NICE in the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of NICE in the third quarter valued at about $37,000. Private Trust Co. NA grew its position in shares of NICE by 40.1% in the fourth quarter. Private Trust Co. NA now owns 377 shares of the technology company’s stock valued at $75,000 after purchasing an additional 108 shares during the period. Buck Wealth Strategies LLC grew its position in shares of NICE by 1,711.1% in the third quarter. Buck Wealth Strategies LLC now owns 489 shares of the technology company’s stock valued at $83,000 after purchasing an additional 462 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of NICE by 11.1% in the fourth quarter. Pacer Advisors Inc. now owns 602 shares of the technology company’s stock valued at $120,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of NICE in a research report on Tuesday. They issued a “buy” rating and a $285.00 target price on the stock. Barclays boosted their price target on shares of NICE from $283.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. TheStreet upgraded shares of NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Northland Securities started coverage on shares of NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target on the stock. Finally, DA Davidson upgraded shares of NICE from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, March 13th. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, NICE presently has an average rating of “Buy” and an average target price of $291.00.

NICE Price Performance

Shares of NICE stock opened at $228.43 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.06 and a quick ratio of 2.06. The firm’s 50-day moving average is $241.39 and its two-hundred day moving average is $208.92. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73. The company has a market capitalization of $14.36 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02.

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