Dorsey & Whitney Trust CO LLC Buys 77 Shares of NICE Ltd. (NASDAQ:NICE)

Dorsey & Whitney Trust CO LLC lifted its holdings in NICE Ltd. (NASDAQ:NICE) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,428 shares of the technology company’s stock after buying an additional 77 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in NICE were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NICE. Sanctuary Advisors LLC boosted its holdings in shares of NICE by 329.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after acquiring an additional 4,407 shares during the last quarter. Bruni J V & Co. Co. purchased a new stake in NICE during the 3rd quarter valued at approximately $22,849,000. Clear Creek Financial Management LLC grew its holdings in NICE by 106.5% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares in the last quarter. Kopion Asset Management LLC purchased a new stake in NICE during the 4th quarter valued at approximately $7,433,000. Finally, Parnassus Investments LLC grew its holdings in shares of NICE by 1.5% in the third quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock valued at $89,794,000 after purchasing an additional 7,635 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Securities dropped their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Barclays dropped their price objective on shares of NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Rosenblatt Securities dropped their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Cantor Fitzgerald dropped their price objective on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NICE presently has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Price Performance

NICE stock opened at $143.61 on Wednesday. The business has a 50-day moving average price of $162.79 and a 200 day moving average price of $170.89. The company has a market capitalization of $9.03 billion, a P/E ratio of 21.24, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 1-year low of $137.19 and a 1-year high of $270.73.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. On average, analysts anticipate that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

About NICE

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.