NICE Ltd. (NASDAQ:NICE) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in NICE Ltd. (NASDAQ:NICE - Free Report) by 256.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,593 shares of the technology company's stock after buying an additional 16,256 shares during the period. D.A. Davidson & CO.'s holdings in NICE were worth $3,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in NICE by 20.5% in the second quarter. Van ECK Associates Corp now owns 21,429 shares of the technology company's stock valued at $3,685,000 after buying an additional 3,645 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in NICE by 6.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,388 shares of the technology company's stock valued at $1,614,000 after buying an additional 547 shares in the last quarter. Rothschild Investment LLC acquired a new stake in NICE in the second quarter valued at $72,000. Legacy Advisors LLC raised its stake in NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company's stock valued at $1,148,000 after buying an additional 88 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of NICE by 151.1% during the second quarter. UMB Bank n.a. now owns 550 shares of the technology company's stock worth $95,000 after purchasing an additional 331 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Performance

NICE traded down $0.72 during trading on Wednesday, reaching $165.51. The company's stock had a trading volume of 654,844 shares, compared to its average volume of 518,919. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73. The company's fifty day moving average price is $173.96 and its 200-day moving average price is $202.91. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45.

NICE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.06. NICE had a return on equity of 14.68% and a net margin of 15.55%. The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same quarter in the previous year, the company earned $1.63 EPS. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that NICE Ltd. will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NICE has been the topic of a number of research analyst reports. Jefferies Financial Group cut their target price on NICE from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, May 17th. Royal Bank of Canada lifted their target price on NICE from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. DA Davidson reiterated a "buy" rating and set a $300.00 target price on shares of NICE in a research report on Wednesday, June 12th. Barclays cut their target price on NICE from $320.00 to $286.00 and set an "overweight" rating on the stock in a research report on Thursday, July 25th. Finally, Northland Securities cut their target price on NICE from $305.00 to $275.00 and set an "outperform" rating on the stock in a research report on Friday, August 16th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, NICE presently has an average rating of "Buy" and an average price target of $269.64.

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.