NICE Ltd. (NASDAQ:NICE) Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 395.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,065 shares of the technology company’s stock after buying an additional 850 shares during the quarter. Whittier Trust Co.’s holdings in NICE were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Perspectives Inc increased its stake in shares of NICE by 11.6% during the 4th quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock valued at $108,000 after acquiring an additional 66 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock valued at $38,000 after acquiring an additional 67 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of NICE by 5.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after purchasing an additional 77 shares during the period. Berry Wealth Group LP grew its holdings in shares of NICE by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock worth $274,000 after purchasing an additional 80 shares during the period. Finally, Rothschild Investment LLC grew its holdings in shares of NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Trading Up 1.8 %

NICE stock opened at $156.78 on Monday. The stock has a market cap of $9.86 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The stock has a 50 day moving average of $159.84 and a 200-day moving average of $169.49. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $270.73.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities analysts predict that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NICE shares. Cantor Fitzgerald decreased their target price on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup decreased their target price on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of NICE in a report on Wednesday, March 19th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a report on Thursday, December 19th. Finally, Barclays decreased their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $231.64.

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.