Pilgrim Partners Asia Pte Ltd Takes $54,000 Position in NICE Ltd. (NASDAQ:NICE)

Pilgrim Partners Asia Pte Ltd acquired a new position in shares of NICE Ltd. (NASDAQ:NICE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 320 shares of the technology company’s stock, valued at approximately $54,000.

A number of other hedge funds have also modified their holdings of NICE. Avion Wealth bought a new position in shares of NICE during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC acquired a new stake in NICE in the 4th quarter valued at $25,000. Richardson Financial Services Inc. lifted its position in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares in the last quarter. Sandy Spring Bank increased its position in shares of NICE by 181.3% during the 4th quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock worth $38,000 after purchasing an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of NICE during the 3rd quarter worth approximately $41,000. 63.34% of the stock is currently owned by institutional investors.

NICE Stock Performance

NICE stock opened at $141.30 on Friday. The company has a market capitalization of $8.88 billion, a P/E ratio of 20.90, a PEG ratio of 1.07 and a beta of 1.12. The company has a fifty day moving average price of $157.89 and a 200-day moving average price of $168.88. NICE Ltd. has a 52-week low of $137.19 and a 52-week high of $250.57.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, sell-side analysts forecast that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald decreased their target price on shares of NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of NICE in a research report on Wednesday, March 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research note on Thursday, December 19th. Barclays decreased their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Citigroup reduced their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.64.

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.