Davis Capital Management Boosts Holdings in NICE Ltd. (NASDAQ:NICE)

Davis Capital Management boosted its position in shares of NICE Ltd. (NASDAQ:NICE) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,968 shares of the technology company’s stock after buying an additional 108 shares during the quarter. Davis Capital Management’s holdings in NICE were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position in shares of NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of NICE during the third quarter worth $38,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NICE during the third quarter worth $41,000. GAMMA Investing LLC lifted its position in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock worth $48,000 after purchasing an additional 91 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NICE shares. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Citigroup lifted their price objective on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. StockNews.com upgraded NICE from a “buy” rating to a “strong-buy” rating in a report on Tuesday. DA Davidson decreased their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.93.

NICE Stock Performance

Shares of NICE stock opened at $165.52 on Wednesday. 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 capitalization of $10.41 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.14 and a beta of 1.06. The stock’s 50-day simple moving average is $176.37 and its 200-day simple moving average is $174.23.

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.