Park Avenue Securities LLC Has $1.72 Million Stake 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, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NICE. Bruni J V & Co. Co. bought a new position in shares of NICE during the 3rd quarter worth approximately $22,849,000. Asset Management One Co. Ltd. raised its holdings in shares of NICE by 13.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,214 shares of the technology company’s stock worth $8,200,000 after purchasing an additional 5,629 shares during the period. Parnassus Investments LLC raised its holdings in shares of NICE by 1.5% in the 3rd quarter. Parnassus Investments LLC now owns 517,039 shares of the technology company’s stock worth $89,794,000 after purchasing an additional 7,635 shares during the period. Buckingham Capital Management Inc. raised its holdings in shares of NICE by 43.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 19,214 shares of the technology company’s stock worth $3,337,000 after purchasing an additional 5,829 shares during the period. Finally, Osborne Partners Capital Management LLC raised its holdings in shares of NICE by 6.4% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 67,821 shares of the technology company’s stock worth $11,778,000 after purchasing an additional 4,080 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

NASDAQ:NICE opened at $162.40 on Friday. The firm has a market capitalization of $10.21 billion, a P/E 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. The company’s fifty day moving average price is $177.51 and its 200-day moving average price is $174.29.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. DA Davidson lowered their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com cut shares of NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Citigroup increased their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, NICE has a consensus rating of “Moderate Buy” and an average target price of $253.93.

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.