Deutsche Bank AG trimmed its holdings in shares of Nice Ltd (NASDAQ:NICE) by 39.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,791 shares of the technology company’s stock after selling 64,672 shares during the period. Deutsche Bank AG owned approximately 0.16% of Nice worth $10,581,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of NICE. Liberty Wealth Management LLC acquired a new position in Nice during the fourth quarter worth about $27,000. CWM LLC grew its holdings in Nice by 261.5% during the fourth quarter. CWM LLC now owns 347 shares of the technology company’s stock worth $38,000 after acquiring an additional 251 shares during the period. Financial Gravity Companies Inc. acquired a new position in Nice during the fourth quarter worth about $40,000. We Are One Seven LLC acquired a new position in Nice during the fourth quarter worth about $41,000. Finally, Whittier Trust Co. grew its holdings in Nice by 124.7% during the fourth quarter. Whittier Trust Co. now owns 427 shares of the technology company’s stock worth $46,000 after acquiring an additional 237 shares during the period. 45.18% of the stock is currently owned by institutional investors.
NASDAQ:NICE opened at $130.83 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.38 and a quick ratio of 1.38. Nice Ltd has a 1-year low of $93.05 and a 1-year high of $131.38. The firm has a market capitalization of $7.71 billion, a P/E ratio of 33.98, a P/E/G ratio of 2.86 and a beta of 0.82.
A number of research analysts recently issued reports on NICE shares. Morgan Stanley lifted their target price on Nice from $107.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, January 7th. Zacks Investment Research lowered Nice from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine lowered Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. reaffirmed a “buy” rating and set a $125.00 target price on shares of Nice in a report on Thursday, February 14th. Finally, DA Davidson increased their price target on Nice from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Nice currently has an average rating of “Buy” and a consensus target price of $127.70.
NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and optimize business performance and ensure compliance.
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