Banco BTG Pactual S.A. Has $695,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Banco BTG Pactual S.A. lifted its position in NICE Ltd. (NASDAQ:NICE) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,100 shares of the technology company’s stock after buying an additional 1,200 shares during the quarter. Banco BTG Pactual S.A.’s holdings in NICE were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its stake in shares of NICE by 10.0% during the 4th quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock worth $283,349,000 after purchasing an additional 151,528 shares during the last quarter. CCLA Investment Management increased its position in NICE by 14.1% during the fourth quarter. CCLA Investment Management now owns 704,494 shares of the technology company’s stock worth $119,517,000 after buying an additional 87,003 shares during the last quarter. American Capital Management Inc. raised its stake in NICE by 1.4% in the third quarter. American Capital Management Inc. now owns 540,311 shares of the technology company’s stock valued at $93,836,000 after buying an additional 7,303 shares during the period. Platinum Investment Management Ltd. lifted its position in shares of NICE by 40.9% in the fourth quarter. Platinum Investment Management Ltd. now owns 405,309 shares of the technology company’s stock valued at $68,838,000 after buying an additional 117,631 shares during the last quarter. Finally, New South Capital Management Inc. bought a new position in shares of NICE during the 4th quarter worth approximately $54,980,000. 63.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NICE. Citigroup cut their price objective on shares of NICE from $279.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, February 24th. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th. Rosenblatt Securities dropped their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 21st. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald dropped their price objective 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Price Performance

Shares of NICE stock opened at $159.00 on Wednesday. NICE Ltd. has a one year low of $137.19 and a one year high of $265.94. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.07 and a beta of 1.12. The business has a 50-day simple moving average of $159.44 and a 200 day simple moving average of $169.45.

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). NICE had a net margin of 16.18% and a return on equity of 16.17%. The company had revenue of $721.60 million for the quarter, compared to analysts’ expectations of $718.47 million. On average, sell-side analysts expect that NICE Ltd. will post 9.85 EPS for the current year.

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.