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

Dorsey & Whitney Trust CO LLC boosted its position in NICE Ltd. (NASDAQ:NICE) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,428 shares of the technology company’s stock after purchasing an additional 77 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in NICE were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NICE. Atria Investments Inc purchased a new stake in shares of NICE during the third quarter worth about $215,000. Crossmark Global Holdings Inc. purchased a new stake in NICE in the third quarter valued at approximately $1,058,000. Oppenheimer & Co. Inc. boosted its position in NICE by 15.6% in the third quarter. Oppenheimer & Co. Inc. now owns 18,593 shares of the technology company’s stock valued at $3,229,000 after buying an additional 2,507 shares during the last quarter. Natixis Advisors LLC purchased a new stake in NICE in the third quarter valued at approximately $1,805,000. Finally, GLOBALT Investments LLC GA boosted its position in NICE by 2.1% in the third quarter. GLOBALT Investments LLC GA now owns 7,333 shares of the technology company’s stock valued at $1,274,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada dropped their target price on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Trading Down 1.7 %

NASDAQ NICE opened at $143.61 on Wednesday. The stock has a fifty day simple moving average of $162.79 and a 200-day simple moving average of $170.89. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The stock has a market cap of $9.03 billion, a PE ratio of 21.24, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a net margin of 16.18% and a return on equity of 16.17%. The firm had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. Research analysts predict that NICE Ltd. will post 9.85 EPS 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.