Deutsche Bank AG Has $106.63 Million Stock Holdings in Nice (NASDAQ:NICE)

Key Points

• Deutsche Bank AG increased its stake in Nice (NASDAQ:NICE) by 14.1%, acquiring an additional 85,286 shares during the first quarter, bringing its total holdings to 691,627 shares worth $106.6 million.
• Multiple institutional investors adjusted their stakes in Nice, with significant increases in holdings, while institutional investors now own 63.34% of the company's stock.
• Analysts have mixed outlooks on Nice's stock, with target prices ranging from $161.00 to $211.00, reflecting a consensus rating of "Moderate Buy" and an average price target of $209.75.

Deutsche Bank AG lifted its stake in shares of Nice (NASDAQ:NICE - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 691,627 shares of the technology company's stock after acquiring an additional 85,286 shares during the quarter. Deutsche Bank AG owned 1.09% of Nice worth $106,628,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Nice in the fourth quarter worth $313,808,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nice during the first quarter valued at $98,485,000. Wealthquest Corp acquired a new stake in Nice during the first quarter valued at $37,843,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Nice by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company's stock valued at $272,306,000 after purchasing an additional 193,000 shares during the last quarter. Finally, HMI Capital Management L.P. boosted its position in Nice by 12.8% during the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company's stock valued at $279,008,000 after purchasing an additional 186,600 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NICE. Morgan Stanley reduced their price objective on Nice from $235.00 to $202.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Piper Sandler reissued a "neutral" rating and set a $182.00 price objective (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of Nice in a research report on Friday, June 20th. Finally, JMP Securities restated a "market outperform" rating and set a $300.00 target price on shares of Nice in a report on Tuesday, July 29th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $209.75.

Nice Stock Performance

Shares of Nice stock traded down $15.75 during trading on Thursday, reaching $132.25. The company's stock had a trading volume of 1,309,259 shares, compared to its average volume of 541,492. The business's fifty day moving average price is $162.22 and its 200-day moving average price is $159.42. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98. Nice has a one year low of $133.15 and a one year high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. Nice had a return on equity of 16.37% and a net margin of 16.77%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $2.64 EPS. Sell-side analysts anticipate that Nice will post 9.85 EPS for the current year.

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.