Itau Unibanco Holding S.A. Acquires Shares of 1,012 NICE Ltd. (NASDAQ:NICE)

Itau Unibanco Holding S.A. bought a new position in shares of NICE Ltd. (NASDAQ:NICE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,012 shares of the technology company’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avion Wealth bought a new stake in NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC purchased a new position in shares of NICE during the fourth quarter valued at $25,000. Anchor Investment Management LLC raised its holdings in shares of NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the period. Finally, Sandy Spring Bank grew its holdings in NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reduced their price target on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Rosenblatt Securities dropped their target price on NICE from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. DA Davidson reduced their price target on NICE from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.29.

NICE Stock Up 0.1 %

NICE stock opened at $156.04 on Friday. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $229.33. The stock has a market capitalization of $9.87 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm has a 50 day moving average of $150.22 and a 200 day moving average of $166.44.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. On average, equities research analysts expect that NICE Ltd. will post 9.85 earnings per share 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.