Park Avenue Securities LLC Raises Stock Position in NICE Ltd. (NASDAQ:NICE)

Park Avenue Securities LLC raised its stake in shares of NICE Ltd. (NASDAQ:NICE) by 38.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,132 shares of the technology company’s stock after purchasing an additional 2,837 shares during the period. Park Avenue Securities LLC’s holdings in NICE were worth $1,721,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of NICE by 21.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after acquiring an additional 279,375 shares during the last quarter. Vulcan Value Partners LLC increased its position in shares of NICE by 49.7% during the second quarter. Vulcan Value Partners LLC now owns 1,188,371 shares of the technology company’s stock valued at $204,168,000 after acquiring an additional 394,715 shares during the last quarter. RGM Capital LLC increased its position in shares of NICE by 12.5% during the second quarter. RGM Capital LLC now owns 1,051,105 shares of the technology company’s stock valued at $180,759,000 after acquiring an additional 116,629 shares during the last quarter. CCLA Investment Management increased its position in shares of NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock valued at $119,517,000 after acquiring an additional 87,003 shares during the last quarter. Finally, American Capital Management Inc. increased its position in shares of NICE by 1.4% during the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock valued at $93,836,000 after acquiring an additional 7,303 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of research reports. Citigroup lifted their price objective on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.93.

NICE Trading Down 1.1 %

NASDAQ NICE opened at $162.40 on Friday. The stock’s 50-day moving average price is $177.51 and its two-hundred day moving average price is $174.29. The company has a market cap of $10.21 billion, a PE ratio of 25.14, a PEG ratio of 1.13 and a beta of 1.06. NICE Ltd. has a 1 year low of $151.52 and a 1 year high of $270.73.

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.