Daiwa Securities Group Inc. decreased its position in Nice Ltd (NASDAQ:NICE) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 26,561 shares of the technology company’s stock after selling 2,246 shares during the period. Daiwa Securities Group Inc.’s holdings in Nice were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Navellier & Associates Inc lifted its stake in Nice by 0.8% in the fourth quarter. Navellier & Associates Inc now owns 13,288 shares of the technology company’s stock valued at $1,438,000 after purchasing an additional 105 shares during the last quarter. CWM LLC lifted its stake in Nice by 261.5% in the fourth quarter. CWM LLC now owns 347 shares of the technology company’s stock valued at $38,000 after purchasing an additional 251 shares during the last quarter. SG Americas Securities LLC lifted its stake in Nice by 7.1% in the fourth quarter. SG Americas Securities LLC now owns 4,352 shares of the technology company’s stock valued at $471,000 after purchasing an additional 288 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Nice in the fourth quarter valued at approximately $40,000. Finally, We Are One Seven LLC purchased a new position in Nice in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 44.78% of the company’s stock.
Several research firms recently commented on NICE. Royal Bank of Canada upped their price objective on Nice to $120.00 and gave the company a “market perform” rating in a research note on Friday, November 9th. ValuEngine downgraded Nice from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded Nice from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. BidaskClub upgraded Nice from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Morgan Stanley increased their target price on Nice from $107.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, January 7th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Nice has an average rating of “Hold” and a consensus target price of $117.67.
NASDAQ:NICE opened at $111.66 on Thursday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 2.50 and a beta of 0.80. Nice Ltd has a 1 year low of $87.16 and a 1 year high of $119.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23.
NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.
Further Reading: SEC Filing
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