DSM Capital Partners LLC Has $10.48 Million Stock Holdings in NICE Ltd. (NASDAQ:NICE)

DSM Capital Partners LLC increased its position in shares of NICE Ltd. (NASDAQ:NICE) by 4.4% during the 4th quarter, HoldingsChannel reports. The fund owned 52,544 shares of the technology company’s stock after purchasing an additional 2,191 shares during the quarter. NICE accounts for about 0.2% of DSM Capital Partners LLC’s investment portfolio, making the stock its 29th largest holding. DSM Capital Partners LLC’s holdings in NICE were worth $10,483,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in NICE in the fourth quarter valued at about $25,000. Lindbrook Capital LLC lifted its stake in NICE by 88.9% in the fourth quarter. Lindbrook Capital LLC now owns 136 shares of the technology company’s stock valued at $27,000 after buying an additional 64 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in NICE in the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new position in NICE in the third quarter valued at about $37,000. Finally, Principal Securities Inc. acquired a new position in NICE in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NICE. Mizuho cut their target price on NICE from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Northland Securities started coverage on NICE in a research report on Tuesday, January 30th. They set an “outperform” rating and a $300.00 price target on the stock. StockNews.com raised NICE from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup raised their price target on NICE from $283.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, TheStreet raised NICE from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $285.92.

NICE Stock Down 0.2 %

NASDAQ NICE traded down $0.44 during trading on Friday, hitting $189.66. The stock had a trading volume of 389,461 shares, compared to its average volume of 667,309. The company has a market capitalization of $11.92 billion, a PE ratio of 34.23, a P/E/G ratio of 1.57 and a beta of 1.04. The company’s 50-day moving average price is $231.18 and its two-hundred day moving average price is $217.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. NICE Ltd. has a 12 month low of $149.54 and a 12 month high of $270.73.

NICE (NASDAQ:NICE) last released its earnings results on Thursday, February 22nd. The technology company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.26 by $0.10. The firm had revenue of $623.20 million for the quarter, compared to analysts’ expectations of $616.83 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, sell-side analysts forecast that NICE Ltd. will post 8.23 EPS for the current year.

NICE Company 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.