BTC Capital Management Inc. Boosts Stake in NICE Ltd. (NASDAQ:NICE)

BTC Capital Management Inc. increased its position in NICE Ltd. (NASDAQ:NICE - Free Report) by 92.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,416 shares of the technology company's stock after purchasing an additional 4,040 shares during the period. BTC Capital Management Inc.'s holdings in NICE were worth $1,297,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Avion Wealth purchased a new stake in shares of NICE in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new stake in NICE in the fourth quarter worth $25,000. Anchor Investment Management LLC boosted its holdings in NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of NICE in the fourth quarter worth $25,000. Finally, McIlrath & Eck LLC increased its holdings in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 63.34% of the company's stock.

NICE Stock Performance

Shares of NASDAQ NICE traded up $5.07 during midday trading on Tuesday, hitting $170.47. 551,476 shares of the stock traded hands, compared to its average volume of 562,988. The firm has a market capitalization of $10.78 billion, a P/E ratio of 25.22, a PEG ratio of 1.07 and a beta of 1.03. NICE Ltd. has a one year low of $137.19 and a one year high of $200.65. The firm has a 50-day moving average of $156.73 and a two-hundred day moving average of $163.71.

NICE (NASDAQ:NICE - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.03. The company had revenue of $700.19 million for the quarter, compared to the consensus estimate of $699.46 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. NICE's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 earnings per share. Equities analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities upped their price target on shares of NICE from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Citigroup dropped their target price on shares of NICE from $214.00 to $211.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Barclays cut their price target on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of NICE in a report on Friday, May 16th. Finally, Wall Street Zen downgraded NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $211.50.

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.