D.A. Davidson & CO. Sells 6,598 Shares of NICE Ltd. (NASDAQ:NICE)

D.A. Davidson & CO. reduced its stake in NICE Ltd. (NASDAQ:NICE) by 25.4% during the 4th quarter, HoldingsChannel reports. The fund owned 19,350 shares of the technology company’s stock after selling 6,598 shares during the quarter. D.A. Davidson & CO.’s holdings in NICE were worth $3,286,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NICE. Migdal Insurance & Financial Holdings Ltd. lifted its position in NICE by 21.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after acquiring an additional 279,375 shares in the last quarter. Perpetual Ltd bought a new stake in NICE in the 4th quarter valued at $31,792,000. World Investment Advisors LLC bought a new stake in NICE in the 3rd quarter valued at $24,547,000. Bruni J V & Co. Co. bought a new stake in NICE in the 3rd quarter valued at $22,849,000. Finally, Swedbank AB lifted its position in NICE by 201.7% in the 3rd quarter. Swedbank AB now owns 140,900 shares of the technology company’s stock valued at $24,470,000 after acquiring an additional 94,200 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on NICE. DA Davidson cut their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday. Cantor Fitzgerald initiated coverage on shares of NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target on the stock. Northland Securities cut their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.27.

NICE Stock Performance

Shares of NICE stock opened at $153.59 on Friday. NICE Ltd. has a 52-week low of $147.38 and a 52-week high of $270.73. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.23 and a beta of 1.06. The firm’s 50-day moving average is $170.71 and its 200-day moving average is $173.01.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 27th. 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 16.11% and a return on equity of 15.31%. Sell-side analysts predict that NICE Ltd. will post 8.82 EPS for the current fiscal year.

NICE 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.