Scotia Capital Inc. Boosts Stock Holdings in NICE Ltd. (NASDAQ:NICE)

Scotia Capital Inc. lifted its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,250 shares of the technology company’s stock after buying an additional 11,179 shares during the quarter. Scotia Capital Inc.’s holdings in NICE were worth $8,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NICE. Financial Perspectives Inc lifted its position in shares of NICE by 11.6% during the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after acquiring an additional 66 shares in the last quarter. Richardson Financial Services Inc. raised 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 purchasing an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in 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 in the last quarter. Berry Wealth Group LP boosted its stake in NICE by 5.2% in 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 NICE by 18.5% during the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after buying an additional 80 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NICE has been the subject of a number of analyst reports. StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Rosenblatt Securities cut their price target on shares of NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of NICE in a report on Wednesday, March 19th. Cantor Fitzgerald dropped their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Price Performance

Shares of NASDAQ NICE opened at $149.03 on Friday. The stock has a market capitalization of $9.37 billion, a P/E ratio of 22.05, a PEG ratio of 1.07 and a beta of 1.05. NICE Ltd. has a one year low of $137.19 and a one year high of $243.67. The firm’s 50 day simple moving average is $155.68 and its two-hundred day simple moving average is $168.14.

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