Saturna Capital Corp Acquires 1,480 Shares of NICE Ltd. (NASDAQ:NICE)

Saturna Capital Corp raised its holdings in shares of NICE Ltd. (NASDAQ:NICE) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,917 shares of the technology company’s stock after purchasing an additional 1,480 shares during the quarter. Saturna Capital Corp’s holdings in NICE were worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NICE. Avion Wealth purchased a new position in shares of NICE in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE in the fourth quarter worth $25,000. Richardson Financial Services Inc. lifted its position 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 buying an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NICE during the third quarter worth $41,000. Finally, R Squared Ltd bought a new position in NICE during the fourth quarter valued at $51,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NICE. Royal Bank of Canada dropped their price target on shares of NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. DA Davidson decreased their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Cantor Fitzgerald cut their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

NICE Stock Down 1.7 %

Shares of NICE opened at $143.61 on Wednesday. The company has a 50 day moving average of $162.79 and a two-hundred day moving average of $170.89. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last posted 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 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 analyst estimates of $718.47 million. On average, sell-side analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

About NICE

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.