DekaBank Deutsche Girozentrale Increases Stock Position in NICE Ltd. (NASDAQ:NICE)

DekaBank Deutsche Girozentrale grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 229.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,763 shares of the technology company’s stock after buying an additional 7,500 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NICE were worth $1,826,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital Research Global Investors lifted its holdings in shares of NICE by 4.0% during the 1st quarter. Capital Research Global Investors now owns 5,181,366 shares of the technology company’s stock valued at $1,350,367,000 after acquiring an additional 201,035 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in NICE by 12.3% in the 1st quarter. William Blair Investment Management LLC now owns 1,364,561 shares of the technology company’s stock worth $355,631,000 after buying an additional 149,149 shares in the last quarter. Black Creek Investment Management Inc. raised its stake in shares of NICE by 22.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,356,775 shares of the technology company’s stock valued at $233,325,000 after purchasing an additional 250,334 shares in the last quarter. Vulcan Value Partners LLC raised its stake in shares of NICE by 49.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after purchasing an additional 394,715 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of NICE by 12.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,056,537 shares of the technology company’s stock valued at $181,693,000 after purchasing an additional 117,749 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Trading Down 1.0 %

NICE stock opened at $171.91 on Friday. The company has a 50 day moving average price of $170.56 and a 200 day moving average price of $181.45. NICE Ltd. has a 52 week low of $151.52 and a 52 week high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 1.45 and a beta of 1.05.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 14.3% on a year-over-year basis. Research analysts forecast that NICE Ltd. will post 8.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a research report on Thursday, October 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Northland Securities lowered their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th. JMP Securities reiterated a “market outperform” rating and set a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $269.64.

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.