D.A. Davidson & CO. Buys 3,355 Shares of NICE Ltd. (NASDAQ:NICE)

D.A. Davidson & CO. boosted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 14.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,948 shares of the technology company’s stock after buying an additional 3,355 shares during the period. D.A. Davidson & CO.’s holdings in NICE were worth $4,506,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NICE. O Shaughnessy Asset Management LLC acquired a new stake in NICE during the first quarter worth $219,000. B. Riley Wealth Advisors Inc. boosted its stake in NICE by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock worth $367,000 after buying an additional 65 shares in the last quarter. Swedbank AB acquired a new stake in NICE during the first quarter worth $12,171,000. Cetera Advisors LLC acquired a new stake in shares of NICE in the 1st quarter valued at $238,000. Finally, Boston Partners boosted its stake in shares of NICE by 1.1% in the 1st quarter. Boston Partners now owns 891,244 shares of the technology company’s stock valued at $231,202,000 after purchasing an additional 10,088 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NICE shares. Jefferies Financial Group reduced their target price on shares of NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. DA Davidson reduced their target price on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, NICE currently has an average rating of “Moderate Buy” and a consensus price target of $260.57.

NICE Stock Down 1.5 %

NASDAQ:NICE opened at $179.84 on Friday. NICE Ltd. has a twelve month low of $151.52 and a twelve month high of $270.73. The business has a 50 day moving average price of $175.13 and a two-hundred day moving average price of $175.45. The company has a market cap of $11.31 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

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.