PNC Financial Services Group Inc. Boosts Stock Holdings in NICE Ltd. (NASDAQ:NICE)

PNC Financial Services Group Inc. grew its position in shares of NICE Ltd. (NASDAQ:NICE) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,437 shares of the technology company’s stock after acquiring an additional 615 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NICE were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Avion Wealth purchased a new position in NICE during the 4th quarter worth $25,000. Tradewinds Capital Management LLC purchased a new position in NICE during the 4th quarter worth $25,000. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of NICE during the 3rd quarter worth $41,000. Finally, R Squared Ltd bought a new stake in shares of NICE during the 4th quarter worth $51,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

NICE Stock Down 0.0 %

Shares of NICE opened at $151.02 on Wednesday. The business’s 50-day moving average price is $160.44 and its 200-day moving average price is $169.79. NICE Ltd. has a twelve month low of $137.19 and a twelve month high of $270.73. The stock has a market cap of $9.49 billion, a PE ratio of 22.34, a P/E/G ratio of 1.07 and a beta of 1.12.

NICE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share 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 the consensus estimate of $718.47 million. Analysts expect that NICE Ltd. will post 9.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NICE. Cantor Fitzgerald lowered their target price on NICE from $176.00 to $161.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Citigroup lowered their target price on NICE from $279.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays lowered their target price on NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.

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.