Davis Capital Management Buys 108 Shares of NICE Ltd. (NASDAQ:NICE)

Davis Capital Management grew its stake in NICE Ltd. (NASDAQ:NICE) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,968 shares of the technology company’s stock after purchasing an additional 108 shares during the quarter. Davis Capital Management’s holdings in NICE were worth $844,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after buying an additional 100 shares during the period. ORG Wealth Partners LLC bought a new position in NICE during the 3rd quarter valued at about $38,000. Wilmington Savings Fund Society FSB bought a new position in NICE during the 3rd quarter valued at about $41,000. GAMMA Investing LLC lifted its stake in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after acquiring an additional 91 shares during the period. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

NICE stock opened at $165.52 on Wednesday. The firm has a fifty day moving average price of $176.37 and a 200 day moving average price of $174.23. NICE Ltd. has a fifty-two week low of $151.52 and a fifty-two week high of $270.73. The firm has a market cap of $10.41 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Northland Securities lowered their price objective on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.93.

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.