Pitcairn Co. Sells 219 Shares of NICE Ltd. (NASDAQ:NICE)

Pitcairn Co. cut its stake in NICE Ltd. (NASDAQ:NICE) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,067 shares of the technology company’s stock after selling 219 shares during the period. Pitcairn Co.’s holdings in NICE were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Cerity Partners LLC raised its position in NICE by 22.6% in the 3rd quarter. Cerity Partners LLC now owns 5,319 shares of the technology company’s stock worth $924,000 after purchasing an additional 980 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of NICE by 35.5% during the third quarter. Eagle Asset Management Inc. now owns 58,620 shares of the technology company’s stock valued at $11,137,000 after acquiring an additional 15,347 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in NICE by 34.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,023 shares of the technology company’s stock valued at $699,000 after acquiring an additional 1,034 shares during the last quarter. Primecap Management Co. CA increased its position in NICE by 12.5% in the third quarter. Primecap Management Co. CA now owns 2,250 shares of the technology company’s stock worth $391,000 after purchasing an additional 250 shares during the period. Finally, Aurora Investment Counsel increased its position in NICE by 7.0% in the third quarter. Aurora Investment Counsel now owns 11,674 shares of the technology company’s stock worth $2,027,000 after purchasing an additional 768 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

NICE Stock Up 4.3 %

Shares of NASDAQ:NICE opened at $183.70 on Tuesday. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.41 and a beta of 1.04. The company’s fifty day simple moving average is $174.40 and its 200 day simple moving average is $175.72. NICE Ltd. has a 12 month low of $151.52 and a 12 month high of $270.73.

Analysts Set New Price Targets

NICE has been the subject of several analyst reports. Oppenheimer cut shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research note on Friday, August 16th. DA Davidson decreased their price objective on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup increased their target price on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and an average price target of $260.57.

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.