TD Private Client Wealth LLC Increases Stake in NICE Ltd. (NASDAQ:NICE)

TD Private Client Wealth LLC increased its holdings in NICE Ltd. (NASDAQ:NICE) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,584 shares of the technology company’s stock after acquiring an additional 423 shares during the quarter. TD Private Client Wealth LLC’s holdings in NICE were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Avion Wealth bought a new position in shares of NICE during the fourth quarter valued at approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE during the 4th quarter valued at $25,000. Richardson Financial Services Inc. increased its holdings in shares of NICE by 43.8% in 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 period. Sandy Spring Bank raised its position in shares of NICE by 181.3% in the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NICE during the third quarter valued at about $41,000. 63.34% of the stock is currently owned by institutional investors.

NICE Trading Down 0.4 %

Shares of NASDAQ NICE opened at $156.17 on Tuesday. The company has a 50 day simple moving average of $159.65 and a two-hundred day simple moving average of $169.45. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 12 month low of $137.19 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Analysts forecast that NICE Ltd. will post 9.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Citigroup reduced their price target on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Finally, Cantor Fitzgerald reduced their target price 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. According to 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.