Pitcairn Co. Has $633,000 Stock Position in NICE Ltd. (NASDAQ:NICE)

Pitcairn Co. grew its stake in shares of NICE Ltd. (NASDAQ:NICE) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,725 shares of the technology company’s stock after acquiring an additional 658 shares during the period. Pitcairn Co.’s holdings in NICE were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Avion Wealth bought a new position in shares of NICE during the fourth quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new position in NICE during the 4th quarter worth $25,000. Richardson Financial Services Inc. lifted its holdings in shares of NICE by 43.8% during the fourth 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 boosted its position in shares of NICE by 181.3% in the fourth quarter. Sandy Spring Bank now owns 225 shares of the technology company’s stock valued at $38,000 after acquiring an additional 145 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of NICE in the third quarter valued at about $41,000. Institutional investors own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NICE. 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. Barclays cut their price target on NICE from $286.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Rosenblatt Securities cut their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $200.00 price target (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, NICE has a consensus rating of “Moderate Buy” and a consensus price target of $231.64.

NICE Stock Down 6.0 %

NASDAQ NICE opened at $141.30 on Friday. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $250.57. The business’s fifty day moving average is $157.89 and its 200 day moving average is $168.88.

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