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

Pilgrim Partners Asia Pte Ltd purchased a new stake in NICE Ltd. (NASDAQ:NICE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 320 shares of the technology company’s stock, valued at approximately $54,000.

A number of other large investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its stake in shares of NICE by 329.9% in the 4th quarter. Sanctuary Advisors LLC now owns 5,743 shares of the technology company’s stock valued at $948,000 after purchasing an additional 4,407 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in NICE by 106.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,303 shares of the technology company’s stock valued at $731,000 after buying an additional 2,219 shares in the last quarter. Kopion Asset Management LLC bought a new stake in NICE during the fourth quarter worth about $7,433,000. Ceera Investments LLC bought a new position in shares of NICE in the fourth quarter valued at approximately $4,963,000. Finally, CCLA Investment Management boosted its holdings in shares of NICE by 14.1% in the 4th quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after acquiring an additional 87,003 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities dropped their price target on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Citigroup cut their price target on NICE from $279.00 to $228.00 and set a “buy” rating for the company in a report on Monday, February 24th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of NICE in a research note on Wednesday, March 19th. Finally, StockNews.com lowered shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average price target of $231.64.

NICE Stock Performance

Shares of NASDAQ:NICE opened at $141.30 on Friday. The company has a 50 day moving average price of $157.89 and a two-hundred day moving average price of $168.88. The company has a market capitalization of $8.88 billion, a PE ratio of 20.90, a PEG ratio of 1.07 and a beta of 1.12. NICE Ltd. has a 52 week low of $137.19 and a 52 week high of $250.57.

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

About NICE

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.